6 Managing Monetary Instrument Transaction (MIT) Log

This feature allows banks to manage MI transactions that they are required to log and have available for review by examiners or auditors to verify compliance. A financial institution must maintain a Monetary Instrument Log for five years. Oracle creates the MI log based on the logic that can be found in the CTR TSD, but clients must review the data and possibly add or remove records as well as edit them.

This chapter provides details to manage the Monetary Instrument Transaction (MIT) Log tab. Users can add, remove, and edit MIT Log data.

This chapter focuses on the following topics: