The slip or ticket must record the amount of any currency involved. Deposits in Excess of $100Įach deposit slip or credit ticket reflecting a transaction in excess of $100 or the equivalent record for direct deposit or other funds transfer deposit transactions. Checks in Excess of $100Įach check, draft, or money order drawn on the bank or issued and payable by it that is in excess of $100. Account StatementsĪ statement, ledger card, or other record on each deposit account showing each transaction in, or with respect to, that account. Signature CardsĪ record of each grant of signature authority over each deposit account. International Transactions in Excess of $10,000Ī record of any request made or instructions received or given regarding a transfer of currency or other monetary instruments, checks, funds, investment securities, or credit greater than $10,000 to or from any person, account, or place outside the United States. Extension of Credit in Excess of $10,000 (Not Secured by Real Property) Treasury Department Order, or law enforcement investigation), a bank may be ordered or requested to maintain some of these records for longer periods. Additionally, on a case-by-case basis (e.g., U.S. However, as noted below, the records related to the identity of a bank customer must be maintained for five years after the account (e.g., loan, deposit, or trust) is closed. The records related to the transactions discussed below must be retained by a bank for five years. A bank is not required to keep a separate system of records for each of the BSA requirements however, a bank must maintain all records in a way that makes them accessible in a reasonable period of time. These records can be maintained in many forms including original, microfilm, electronic, copy, or a reproduction. In general, the BSA requires that a bank maintain most records for at least five years. The BSA establishes recordkeeping requirements related to various types of records including: customer accounts (e.g., loan, deposit, or trust), BSA filing requirements, and records that document a bank’s compliance with the BSA. Five-Year Retention for Records as Specified Below These BSA record retention requirements are independent of and in addition to record retention requirements under other laws. Treasury/FinCEN regulations found at 31 CFR Chapter X. For comprehensive and current BSA record retention requirements, refer to U.S. This appendix is provided as a summary listing. APPENDIX P: BSA RECORD RETENTION REQUIREMENTS
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