NRAs are not permanent residents and therefore they will generally not have a legitimate need to establish an account relationship with a U.S. bank.

To effectively monitor third party payment processor accounts, the bank should have an understanding of the following processor information:

An aspect to prepare for an examination or audit is to educate the staff on proper protocol.

Transactions conducted through International ACH system are not subject of OFAC verification if the financial institution does not do cross border ACH

Remote Deposit Capture is a highly sophisticated deposit transaction delivery system that has no risks associated with recordkeeping

Which of the following should be considered if you are evaluating the risk of the location of the bank’s customers?

Key aspects of a training program would include the following:

It is important all training attendance lists be completed and retained for recordkeeping purposes.

Prepaid access is defined as access to funds or the value of funds that have been paid in advance and can be retrieved or transferred at some point in the future through an electronic device or vehicle, such as a card, code, electronic serial number, mobile identification number or personal identification number.

20. Ustedes ________________.