Section 80.4118.11 - Information Regarding Bank Secrecy Act ("Bsa") ComplianceDescribe in detail how the applicant proposes to comply with the BSA/USA Patriot Act, including the following:
(a) Provide a copy of the applicant's Money Services Business registration with Financial Crimes Enforcement Network.(b) Provide a copy of the latest risk assessment of the applicant.(c) Provide a copy of the applicant's BSA/USA Patriot Act compliance manual.(d) In case the applicant is a corporation, provide a copy of the resolution of the board of the applicant designating the BSA compliance officer. In case the applicant is a limited liability company, provide a copy of the designation the BSA compliance officer in accordance with the operating agreement.(e) Provide a copy of the training materials and documentation of training for the board, managers and members or, in the case of a limited liability company, officers and employees of the applicant.(f) Provide copy of the latest independent review of the applicant's BSA/USA Patriot Act compliance program and the response to the review by the applicant.(g) Identify any bank(s) and bank services used by the applicant that may present a BSA risk due to the types of products or services offered and describe how the applicant will manage those identified risks.Cal. Code Regs. Tit. 10, § 80.4118.11
1. New section filed 8-11-2015; operative 10-1-2015 (Register 2015, No. 33). Note: Authority cited: Sections 321, 334 and 2032, Financial Code. Reference: Sections 2032 and 2123, Financial Code.
1. New section filed 8-11-2015; operative 10/1/2015 (Register 2015, No. 33).