When do i need a bsa

Criminals have long used money-laundering schemes to conceal or "clean" the source of fraudulently obtained or stolen funds. Money laundering poses significant risks to the safety and soundness of the U. With the advent of terrorists who employ money-laundering techniques to fund their operations, the risk expands to encompass the safety and security of the nation.

Through sound operations, banks play an important role in helping investigative and regulatory agencies identify money-laundering entities and take appropriate action. A financial institution is required to file a suspicious activity report no later than 30 calendar days after the date of initial detection of facts that may constitute a basis for filing a suspicious activity report.

If no suspect was identified on the date of detection of the incident requiring the filing, a financial institution may delay filing a suspicious activity report for an additional 30 calendar days to identify a suspect. In no case shall reporting be delayed more than 60 calendar days after the date of initial detection of a reportable transaction. What are you searching for in OCC. Any entity established under federal, state, or local laws and exercising governmental authority on behalf of the United States or a state or local government.

The domestic operations of any subsidiary other than a bank of any listed entity that is organized under U. Annual Review At least once each year, banks must review the eligibility of an exempt person that is a listed public company, a listed public company subsidiary, a non-listed business, or a payroll customer to determine whether such person remains eligible for an exemption. Operating Rules Subject to specific rules in the Transactions of Exempt Persons regulation, a bank must take reasonable and prudent steps to assure itself that a person is an exempt person.

Ineligible Businesses Certain businesses are ineligible for treatment as an exempt non-listed business. An ineligible business is defined in this regulation as a business engaged primarily in one or more of the following specified activities: Serving as financial institutions or agents of financial institutions of any type. Purchasing or selling motor vehicles of any kind, vessels, aircraft, farm equipment, or mobile homes. Auctioning of goods.

Chartering or operation of ships, buses, or aircraft. Pawn brokerage. Gaming of any kind other than licensed parimutuel betting at racetracks. Investment advisory services or investment banking services. Real estate brokerage. This information is available here. View guidance regarding the application of Youth Protection policies to Ordeals.

As previously communicated during NOAC as well as in our NOAC Wrap Up communication to lodge advisers, Youth Protection policies require that at least one registered adult female over the age of 21 be in attendance at any meeting or event in which a female youth member is present. Lodges should be working now in anticipation of this requirement to ensure provisions have been made for appropriate adult female participation to ensure female youth members are afforded the same opportunities in the OA as their male counterparts as they enter the OA next year.

All leadership positions in the OA will be open to female OA members on an equal basis with their male counterparts. All OA youth members, regardless of Scouting program source, will be eligible to run for section chief.

Regional and National Officers will continue to be chosen from those elected as Section Chiefs. The underlying principle which you will find applies in all circumstances is that female OA members are to be provided the same opportunities as their male counterparts. In general, OA publications and ceremonies are being updated to incorporate broader use of gender neutral terminology so that all members feel equally welcome.

The use of "Arrowmen," "Brother," and "Brotherhood" will continue as focus group discussions we have held with female Scouters and youth recommend we do not change the use of those terms. Ceremony guidelines are also being updated primarily to incorporate gender-neutral language into existing ceremonies. Their status can be followed here. Any rumors that suggest the OA is distancing itself from the use of American Indian regalia are false.

What we are doing is strengthening our policies to ensure when American Indian clothing and other regalia are used that we ensure it is respectful of the American Indian cultures in our local area and of those we are emulating, particularly with respect to the introduction of female youth as ceremonialists and as dance competition participants.

Guidance clarifying the use of American Indian clothing has been published and is available here. View guidance clarifying the use of American Indian clothing.

Female youth members must be accorded the same opportunity as male youth members with respect to participation in OA ceremonies. The frequent question we hear is can females be chief. The short answer is there are numerous examples of female chiefs in American Indian culture and that in itself is not a limiting factor; however, we must still satisfy ourselves that we are being respectful of the cultures we are emulating.

Currently the only authorized alternative is to conduct OA ceremonies in complete field uniform. A second option is being explored and, if approved, will be announced on this page. The following publications are being updated as a result of the new membership policy.

While most updates anticipated are centered on making each publication more gender-neutral, in some cases additional content changes are being made.

Unit elections under the new membership policy are authorized beginning February 1st, when the revised membership policy takes effect, not before. Elections held in Venturing and Sea Scout ships on that date or after should be scheduled and conducted in the same manner as those held in troops.

Lodges and chapters should prepare their election teams for the need for more thorough explanations of the OA since many of these Scouts may have no prior knowledge of our Order. Youth may be eligible for election in more than one unit. The one exception might be in meeting the camping requirement. There has been some confusion over what camping qualifies in meeting the membership requirement for camping.

Three factors apply:. Once elected in any unit, a youth is no longer eligible for election in another unit. In the rare instance a youth was elected in a second unit because they were not yet notified of their election in another unit, the lodge will determine the unit of election based on the unit with the earliest date of election. Clarifying guidance on this program will be published in the upcoming OA Unit Representative Support Pack listed in the Publications Changes section of this site.

Monitor this web site for release of this information. This section of the site will be devoted to responding to questions not specifically addressed in the information provided above. Questions can be sent to: email. Lodges should be taking a serious look at this issue now. If their adult female membership or engagement is inadequate to support the introduction of female youth, that should become a priority issue for the lodge and council to address. The only requirement is that Youth Protection policies are followed that require a registered female adult, 21 year of age or older, to be present at all meetings and activities where female youth members are present.

That said, we should be providing female adults the same opportunity as their male counterparts to serve in these adult leadership positions. No, a youth member can participate in an election held by any unit in which they are determined eligible by their unit leader, regardless of whether they were qualified in another unit.

As a reminder, each unit is entitled to hold only one election annually. Youth Protection policies apply to all OA communications.