FEASIBILITY OF A CROSS-BORDER ELECTRONIC FUNDS TRANSFER REPORTING SYSTEM
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Table of Contents 1.0 Executive Summary v2.0 Acknowledgments ix3.0 Overview 13.1 Goals and Design of the Feasibility Study 13.2 Background 24.0 Data Reasonably Necessary to Identify Illicit Finance 74.1 Individual targeting/research of known subjects 94.2 Data Matching against Other Data Sources 94.3 Link Analysis 105.0 Form, Manner, and Content of Reporting 115.1 Collecting from the “First In/Last Out” Institution in the U.S. 125.2 Money Services Businesses as Collection Points 145.3 Form 155.4 Manner 175.5 Content 176.0 Technology Needed 196.1 Concept of Operations 196.2 Rough Order of Magnitude Cost Estimates 217.0 Information Security Protections 238.0 Conclusions and Recommendations 318.1 Project Risks 318.2 Pre-Acquisition Planning 348.2.1 User Requirements Analysis 358.2.2 Institutional Cost Analysis 358.2.3 Value Analysis 358.3 System Development and Deployment 36Appendix A – Financial Crimes Enforcement Network Programs 37Appendix B – Section 6302 45Appendix C – Funds Transfer Rule 47Appendix D – Fundamentals of the Funds Transfer Process 55Appendix E – Cross-Border Funds Transfer Reporting in Canada and Australia 71Appendix F – Potential Analytical Value of Cross-Border Funds Transfer Reports 83Appendix G – FinCEN Industry Survey and Responses 111Appendix H – Technical Alternatives Analysis 139Appendix I – BSA E-Filing Fact Sheet 155Appendix J – Preliminary Work Breakdown Schedule 157Appendix K – Rough Order of Magnitude Cost Estimates 159Appendix L – Project Management and Information Technology Processes 165Appendix M – Acronyms 171