BSA/CTR/SAR

What does BSA stand for?

• Banker Secrecy Act

• Bank Secrecy Act

• Burger Sauce Association

• Bank Secrecy Agency

What does SAR stand for?

• Suspicious Activities Report

• Suspicious Active Report

• Suspicious Activity Report

• Suspect Activity Report

Who is the BSA Officer?

• Amanda Viera

• Lisa DeLa Garza

• Celina Acosta

• Kari Kelley

• Gina Prince

How long do we have to file a SAR?

• 15 days

• 25 days

• 30 days

• 45 days

True or False: It is okay to let a member know we are filing a SAR

• True

• False

True or False: It is okay to let the member know we are filing a CTR.

• True

• False

In which of the following situations should you complete a CTR?

• Mr. Jones comes in with a cashier’s check from Bank of America for $11,000 and deposits it into his savings account.

• Mrs. Castro comes in with $8,000 in cash. She deposits $5,000 to savings and $3,000 to checking.

• Mrs. Thompson comes into the Saratoga office and withdraws $6,000 in cash then drives to Trojan and withdraws $5,000 in cash the same day.

• Mr. Chapa brings in a check from Navy Army for $20,000. He wants to deposit $10,000 into his PIA, open a CD for $7,000, and is requesting $3,000 cash back.

In which of the following situations should you complete a SAR?

• May Evans, a member since 1986, brings in her 5 year old grandson who has “birthday money”. You notice the denominations are in $10’s, $5’s, and $1’s totaling $250.

• Sue Thompson visits her safe deposit box once a week. After every viewing, she visits the tellers to deposit cash of $1,000 in small bills.

• Carla Hernandez, a well-known attorney, has been a member of the Credit Union for 10 years. Her account status is in good standing with well over $75,000 in her savings, PIA, and checking. One of her clients has given her $2,000 in cash for attorney fees; they are all in $100 bills.

• Sam Gomez has a business account with the Credit Union for a year. He cuts lawns for a living and receives mostly cash from his customers. He comes in once a month to exchange about $200 in $1’s to bigger bills.

In which of the following situations should you complete the BSA log?

• Sylvia Mesa goes to the Trojan office and purchases $2,500 in money orders. On the same day, she goes to the Northwest office and returns $1,000 of the money orders she purchased at Trojan and buys $2,000 in traveler’s checks. She pays for the money orders and traveler’s checks in cash.

• Sylvia Mesa goes to the Saratoga office and purchases $2,500 in money orders. The next day, she goes to the Northwest office and returns $1,000 of the money orders she purchased at Saratoga and buys $2,000 in traveler’s checks. She pays for the money orders and traveler’s checks in cash.

• Mr. Arredondo brings an income tax refund check for $4,000. He deposits $1,000 to his son’s account, $1,000 to his daughter’s account and keeps the rest.

• Julie Simpson brings in her husband’s bonus check for $5,000. She deposits the check into their joint checking account.

A member comes to you and purchases $4000.00 in money orders. He gives you $3,500 in cash and a check for $500.00. Which form are you required to fill out?

• Currency Transaction Report

• Suspicious Activity Report

• Bank Secrecy Act

• Credit Score Analysis