KYC

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Across
  1. 1. A transfer of funds that may require monitoring for unusual activity
  2. 6. A credit relationship where a customer borrows money from the Bank
  3. 8. Education provided to employees regarding BSA and Know Your Customer responsibilities
  4. 9. The stage of money laundering involving multiple transactions to conceal the source of funds
  5. 11. Activity that may indicate potential illegal activity
  6. 13. Following laws, regulations, and Bank policies
  7. 15. A type of transaction that should be questioned when large amounts are inconsistent with customer activity
  8. 17. The report filed when suspicious activity involving possible criminal activity or BSA violations is identified
  9. 18. Funds placed into an account at a financial institution
  10. 20. A formal banking relationship maintained by a customer
Down
  1. 2. Information used to verify who a customer is
  2. 3. Reviewing account activity to identify unusual transactions
  3. 4. The report required for certain large currency transactions
  4. 5. The federal law abbreviation associated with Bank Secrecy requirements
  5. 7. The process of notifying appropriate parties of suspicious activity
  6. 10. An individual or entity that establishes a relationship with the Bank
  7. 12. Arranging transactions to avoid recordkeeping or reporting requirements
  8. 14. The first stage of money laundering where illegal proceeds are introduced into the financial system
  9. 16. The stage of money laundering where illegal proceeds are made to appear legitimate
  10. 19. The process of knowing and understanding a customer's identity and activities