Bank Secrecy Act/ Anti-Money Laundering Examination Manual

By Federal Financial I Examination Council

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.

• Format: Paperback
• Language: English
• ISBN: 1365714969
• ISBN13: 9781365714962
• Release Date: January 2017
• Publisher: Lulu.com
• Length: 444 Pages
• Weight: 2.25 lbs.
• Dimensions: 0.9" x 8.5" x 11.0"