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Credit unions must report blocked or rejected transactions within __________ business days from the date that property becomes blocked or the transaction is rejected. a. 14 business days b. 30 calendar days c. 10 business days d. The date that the property is blocked/transaction is rejected. - THE CORRECT ANSWER IS C Blocked and rejected transactions must be reported to OFAC within 10 business days from the date that property becomes blocked or the transaction is rejected. True or false....

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Credit unions must report blocked or rejected transactions within __________ business days from the date that property becomes blocked or the transaction is rejected. a. 14 business days b. 30 calendar days c. 10 business days d. The date that the property is blocked/transaction is rejected. - THE CORRECT ANSWER IS C Blocked and rejected transactions must be reported to OFAC within 10 business days from the date that property becomes blocked or the transaction is rejected. True or false....

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BSACS Test Prep (Originally created by lmacdonnell - Combined together by Mlorenzo9311) Questions & Answers Graded A+

BSACS Test Prep questions and answers

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What are the five pillars of an effective BSA/AML compliance program? - 1. Designation of a BSA compliance officer by the Board. 2. Provide for a system of internal controls to ensure ongoing compliance 3. Provide for independent testing to be conducted by credit union personnel or outside parties 4. Provide training for appropriate personnel 5. Appropriate risk-based procedures for conducting ongoing member due diligence Who all is required to receive BSA/AML training? - New staff, BSA C...

BSACs Exam Prep