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Rich Moldenhauer
Flagship Bank Minnesota

 
 
Wire Transfer Request Form
Contributed by:Manager‚ Marketing
Asset size: Bank with between $250m - $500m
Location: Midwest
Description: This is a sample Wire Transfer Request form completed to initiate a wire transfer.

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MORE PEER CONTRIBUTED DOCUMENTS:

66 Documents 63 Answers 24 Exam Watches 13 Vendor Reviews

Wire Transfer Policy & Procedures
Asset size: with between $250m - $500m
Description: This Wire Transfer Policy specifies bank policy & procedures to ensure that proper controls are in place in order to mitigate risks associated with the wire transfer function. This document details authorizations, guidelines when receiving wire transfer requests, required information & retention, as well as procedures for incoming and outgoing wire transfer requests. You may also be interested in our Outgoing Wire Transfer Request Form and Wire Transfer Agreement documents.
Telephone/fax/email wire transfer request form
Asset size: with under $250m
Description: Autorization form for Telephone/fax/email or Internet wire transfer requests.
Outgoing Wire Transfer Request Form
Asset size: with between $250m - $500m
Description: A form used to capture a customer's request to perform 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:
State Regulatory - BSA/AML | May 2012
exam experience posted by a Compliance/BSA/Legal from member with under $250m in assets
None, really. Pretty much down the examination checklist
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
FDIC - BSA/AML | March 2012
exam experience posted by a VP‚ Compliance/BSA/Legal from member with under $250m in assets
Nothing was unexpected

RELATED VENDOR REVIEWS:
GlobalPay (International Wires)
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Wires Audit
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US Bank
Wires
Intrinium

 
 

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