Internal Control Questionnaires and Verification Procedures

Foreign Cash Letters

1. Is the handling of foreign cash letters such that:

   1. They are prepared and sent on a daily basis?

   2. They are copied or photographed prior to leaving the bank?

   3. A copy of proof or hand-run tape is properly identified and retained?

   4. Records of foreign cash letters sent to correspondent banks are maintained, identifying the subject bank, date, and amount?

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