Introductory BSA AML Examiner School Manual Palm Springs 2019

Funds Transfer Systems

Recordkeeping Requirements - $3,000 or more: • Originator name & address • Amount • Date • Payment instructions • Beneficiary institution • As many of the following items as are received:

– Beneficiary name & address – Beneficiary account number – Other specific identifiers of beneficiary

Funds Transfer Systems

Additional Recordkeeping for Non-Customers • If in person, collect: – Name & address of person placing order – Type of identification reviewed – Number of identification document (i.e. driver’s license) – Taxpayer Identification Number (SSN or EIN)

• If not made in person, collect: – Name & address of person placing order – Taxpayer Identification Number (SSN or EIN)