Bank Secrecy Act/ Anti-Money Laundering Examination Manual

Bank Secrecy Act/ Anti-Money Laundering Examination Manual

This Federal Financial Institutions Examination Council (FFIEC) Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) Examination Manual provides guidance to examiners for carrying out BSA/AML and Office of Foreign Assets Control (OFAC) examinations. An effective BSA/AML compliance program requires sound risk management; therefore, the manual also provides guidance on identifying and controlling risks associated with money laundering and terrorist financing. The manual contains an overview of BSA/AML compliance program requirements, BSA/AML risks and risk management expectations, industry sound practices, and examination procedures. The development of this manual was a collaborative effort of the federal and state banking agencies1 and the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, to ensure consistency in the application of the BSA/AML requirements. In addition, OFAC assisted in the development of the sections of the manual that relate to OFAC reviews. Refer to Appendices A (â€œBSA Laws and Regulationsâ€), B (â€œBSA/AML Directivesâ€), and C (â€œBSA/AML Referencesâ€) for guidance.
Country USA
Manufacturer CreateSpace Independent Publishing Platform
Binding Paperback
ItemPartNumber black & white illustrations
UnitCount 1
EANs 9781503293366
ReleaseDate 0000-00-00

Country	USA
Manufacturer	CreateSpace Independent Publishing Platform
Binding	Paperback
ItemPartNumber	black & white illustrations
UnitCount	1
EANs	9781503293366
ReleaseDate	0000-00-00

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