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Flagship Bank Minnesota

 
 
International wire transfer form
Contributed by:SVP‚ Back Office/Deposit Operations
Asset size: Bank with under $250m
Location: West
Description: International wire transfer request form.

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MORE PEER CONTRIBUTED DOCUMENTS:

44 Documents 31 Answers 21 Exam Watches 13 Vendor Reviews

International Wire Transfer Form
Asset size: with over $1b
Description: This is a standard form for taking information for an international wire transfer. It includes required information such as transaction information, officer approval, payment method, originator and beneficiary fields, etc.
Wire Transfer Policy
Asset size: with over $1b
Description: The purpose of this document is to establish in writing the requirements to be followed in the administration of the wire transfer and other funds transfer activities. It includes details for security procedures, processes and document retention. It also includes samples of wire transfer forms (international and domestic), a wire transfer agreement and a sample wire transfer approval limit form.
Wire Transfer Request Form
Asset size: with between $250m - $500m
Description: This is a sample Wire Transfer Request form completed to initiate a wire transfer.


RELATED QUESTIONS AND ANSWERS:
Q
Safeguards to control wire transfer internal risks
Asked by: SVP,‚ Risk Management
Asset size: Bank with
Location:IA

We have a well defined dual control wire transfer system in place. However, while we have a "dual control" typically the first person to interact with the client completes the paperwork and secures appropriate signatures. The second person verifies the accuracy of the wire and processes the wire. Does your bank place dual calls to wire transfer recipients for verification? What do you do to minimize the potential for colusion. Or, one employee doing a wire out of a client's acct only to have the second person approve it.

What added controls do you use. Your views are most appreciated.
A
Answered by:VP, ‚ Compliance/BSA/Legal
Asset size: Bank with under $250m
Location: MA

Requests for outgoing wire transfers are only accepted from bank customers based upon ori...
Q
Wire transfer controls
Asked by: VP,‚ Audit
Asset size: Bank with
Location:NC

What controls do you have in place for wire transfers? Who has authority to create and authorize wires? Does each department/branch have the ability to create and authorize wires or is the approval limited to back office?
A
Answered by:Manager, ‚ Technology
Asset size: Bank with between $250m - $500m
Location: NC

Wire Transfer policy ...


RELATED EXAM EXPERIENCES:
FDIC - BSA/AML | March 2012
exam experience posted by a VP‚ Compliance/BSA/Legal from member with under $250m in assets
Nothing was unexpected
OCC - BSA/AML | March 2012
exam experience posted by a COO‚ Compliance/BSA/Legal from member with under $250m in assets
ATM owners registration with the state. It is required that non bank ATM owners register with our state and that we notify them of the requirement. I was surprised that the OCC would care much about a state statute.
FDIC - IT | February 2012
exam experience posted by a Compliance/BSA/Legal from member with under $250m in assets
They did not ask any questions that caught me off guard

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