BSA/AML - OTS Getting it Right, Questions and Answers

Bank Secrecy Act (BSA)Office of Thrift Supervision (OTS)Anti-Money Laundering

The following Question and Answer (Q & A) guidance is the first group of responses to questions submitted during the July 31, 2006, OTS BSA/AML "Getting it Right" conference call. If you do not see your specific question covered, please check back at a later date. We expect to have the majority of Q & A's posted by August 31, 2006.

The answers provided may encompass suggested best practice guidance and are not intended to be comprehensive, apply to all factual situations, or to replace or supersede the BSA regulations. Whenever possible, we consolidated common questions and provided hyperlinks to various referenced guidance materials or administrative rulings.

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