Introductory BSA/AML Examiner School, Providence, RI

Other Transfer Systems

• Informal Value Transfer Systems – Hawalas‐ MSB • Payble Upon Proper Identification  Transactions – No specific account info – Minimal identifying info • Remote Deposit Capture – Deposit of scanned or digitized images

Risk Factors

• Number and dollar volume • Geographic location • Customer vs. non‐customer • Lack of formal recordkeeping‐IVTS • Minimal identifying information‐ PUPID • Eliminates face to face transactions‐RDC