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Regulators Release 2014 BSA/Anti-Money Laundering Exam Manual
Friday, December 5, 2014 6:30 AM

The Federal Financial Institutions Examination Council on Tuesday released the revised Bank Secrecy Act/Anti-Money Laundering Examination Manual. The revisions, which were made throughout the manual, clarify supervisory expectations and incorporate regulatory changes since the manual's 2010 update. The revisions incorporate feedback from the banking industry and examination staff.

The Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, National Credit Union Administration, Office of the Comptroller of the Currency, and State Liaison Committee revised the manual in collaboration with the Financial Crimes Enforcement Network (FinCEN), the administrator of the BSA, and the Office of Foreign Assets Control (OFAC). FinCEN and OFAC collaborated on the revisions made to the sections that address compliance with the regulations and sanctions programs that FinCEN and OFAC administer and enforce.

The manual is available on the FFIEC BSA/AML InfoBase. Banking organizations and credit unions should direct questions about the manual to their primary federal or state regulator.