BSA Officer Quarterly Board Report Form

A quarterly board report form for the BSA Officer to summarize SARs and CTRs filed, OFAC hits, exam status, training, staffing, and key compliance actions for the board of directors.

Report Overview

• Reporting Quarter
• Reporting Year
• Executive Summary for the Board
  Summarize key BSA/AML highlights, material changes, and any items requiring board attention.
• Overall Compliance Status

Regulatory Filings

• SARs Filed
  Total Suspicious Activity Reports filed during the quarter.
• CTRs Filed
  Total Currency Transaction Reports filed during the quarter.
• Filing Trend
• Filing Commentary
  Explain notable drivers, patterns, or exceptions in filing volume.

OFAC Screening Activity

• OFAC Hits
  Number of OFAC screening hits identified during the quarter.
• Any True Hits Confirmed?
• OFAC Escalation Details
  Describe the escalation, disposition, and any required follow-up actions.
• Screening Control Status

Exams, Audits, and Corrective Actions

• Exam or Audit Status
• Date of Most Recent Exam or Audit
• Open Findings
• Corrective Action Summary
  Summarize remediation progress, owners, and target completion dates.

Training and Staffing

• Training Completion Rate (%)
• Training Status
• Staffing Status
• Open BSA/AML Positions
• Staffing Needs Summary
  Describe vacancies, backfill plans, or resource constraints affecting the program.

Board Actions and Submission

• Board Action Requested
• Key Risks and Issues
  List the most important unresolved risks, issues, or dependencies for board awareness.
• Submitter Name
  Name of the BSA Officer or authorized submitter.
• Submitter Title
• Attestation
  I confirm this report is accurate to the best of my knowledge and prepared for board review.