Costs Involved in Becoming a BSA E-Filing User

The primary costs involve organizational time and effort in three basic categories, which will vary by BSA E-Filing user type:

Process Changes

Batch Filers

• Compliance staff must establish new processes for submitting batches via BSA E-Filing.

• IT staff may need to initially assist in the transfer of:
• batches from a mainframe to the Internet-ready terminal from which they will be submitted.
• Acknowledgment (ACK) files for CTR batches from the Internet-ready terminal to the legacy system.

Discrete Filers

• Compliance staff must establish new processes for BSA form creation, routing, and submission processes.
• New data storage processes are also likely to be necessary.

Training

Batch Filers

• Compliance staff must be trained.

Discrete Filers

• Compliance staff must be trained to manage the use of BSA E-Filing and the new routing and record-keeping processes.
• Branch staff that uses the BSA E-Filing electronic forms for data entry and submission must be trained in the use of the electronic forms and in any new routing, approval, and record-keeping processes.
• Branch personnel who are BSA E-Filing users will require additional training.

Organizational Changes

• All BSA E-Filing organizations must identify a single Supervisory User (and a backup) to serve as the primary BSA E-Filing administrator.
• users must obtain a user ID and password accepted by BSA E-Filing.