6.4.3 Managing Branch Details

After adding Financial Institution Details, you can add the branch details too.

If there is no branch involved in the suspicious activity, check If No Branch Involved check this check box in the Branch Information grid. It is mandatory to either select the If No Branch Involved, check this box check box or add branch details to the report.

To add new branch details, modify, or delete existing branch details, follow these steps:

  1. On the LHS menu, click Branch Details. The Branch Information section is displayed.
  2. Click Add. The Add New Branch window is displayed.
  3. Enter the required information in the fields.

    Table 6-6 Add New Branch window

    Fields Description
    Branch Code

    Enter the branch code.

    When you click after entering the branch code in the Add a New Branch pop-up window, all the related information gets auto-populated (except role) and is not editable. Clicking the search icon validates that the

    branch code entered is a valid branch for your institution.

    If you try to save the details in the Add a New Branch pop-up window without first identifying the branch, the following message displays: Select a Branch before saving.

    Address Enter the address details of the branch.
    City Enter the city where the branch is located.
    State Enter the state where the branch is located.
    Zip Code Enter the zip code where the branch is located.
    Country Enter the country where the branch is located.
    RSSD ID Number

    Enter the RSSD number of the branch.

    The RSSD ID number is a unique identifying number assigned by the Federal Reserve for all financial institutions, main offices, and branches. RSSD specifically refers to the assigned identifier for Research, Statistics, Supervision, and Discount identification numbers.

    Role

    Enter the role of the financial institution branch in suspicious activity.

    These are values as defined by FinCEN. Role refers to the role played by the institution in the suspicious activity when certain product types or instruments/payment mechanisms were used in the activity.

    The Role is a drop-down list with the following options:

    • Paying Location: The financial institution is considered to have played the role of Paying Location if the customer received payment from the institution for the products or instruments recorded on the SAR.
    • Selling Location: The financial institution is considered to have played the role of Selling Location if the customer purchased products or instruments from the institution.
    • Both A and B: You must select Both A and B if the financial institution was both a paying and selling location for the products or instruments recorded on the SAR.
  4. Click Save. The following message displays: Update Operation Successful.
  5. Click OK. The branch details are saved.
  6. Click the Validate button in the Branch Details section to validate the information present in the Branch Details section and check for any missing mandatory information.
    Validations
    • If there are no branch details added and also the No Branch Involved check box is not checked, the following message displays on validation: You must either select a branch for this SAR or indicate No Branch Involved.
    • If you try to add branch information when the No Branch Involved field is checked, the following message displays: You have indicated that no branch is involved. You must unselect that option before adding a branch.
    • If you select the check box for No Branch Involved when there are existing records on the grid, the following message displays: You have selected No branch involved with branch records already present. Click OK to continue and delete all existing branch records, or Cancel to cancel the selection.
    • If you select OK, the No Branch Involved check box will be marked and will permanently delete all the existing branch details.
    To edit or remove Branch Details, follow these steps:
    1. On the Branch Details menu, select the branch details you want to edit.
    2. Click Edit. The Branch window displays.
    3. Modify the required information.
    4. Or, click Delete.
    5. Click Save. The following message displays: Update or Delete Operation Successful.
    6. Click OK. The page is refreshed and displays the modified data
    You cannot edit the report details when the report is in View mode. Action buttons, such as Add, Edit, and Delete, are hidden in the Branch Information grid when the report is in View mode