Agencies Release Bank Secrecy Act/Anti-Money Laundering Examination Manual

Bank Secrecy Act (BSA)Federal Deposit Insurance Corporation (FDIC)
Federal Financial Institutions Examination Council (FFIEC)
Federal Reserve Board (FRB)
Financial Crimes Enforcement Network (FINCEN)
Office of the Comptroller of the Currency (OCC)
Office of Thrift Supervision (OTS)Anti-Money Laundering

Agencies Release Bank Secrecy Act/Anti-Money Laundering Examination Manual

The Federal Financial Institutions Examination Council (FFIEC) today released the Bank Secrecy Act/Anti-Money Laundering Examination Manual (FFIEC BSA/AML Examination Manual). The manual’s release marks an important step forward in the effort to ensure the consistent application of the BSA to all banking organizations including commercial banks, savings associations, and credit unions.

The FFIEC BSA/AML Examination Manual was developed by the Board of Governors of the Federal Reserve System (Board), Federal Deposit Insurance Corporation (FDIC), National Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), and Office of Thrift Supervision (OTS) (collectively referred to as the federal banking agencies) in collaboration with the Financial Crimes Enforcement Network (FinCEN), the delegated administrator of the BSA. In addition, through the Conference of State Bank Supervisors, the state banking agencies played a consultative role. The Office of Foreign Assets Control collaborated on the development of core overview and examination procedures addressing compliance with regulations enforced by OFAC.

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