FFIEC Issues Revised BSA/AML Examination Manual
In trying to keep up with notifications of threats and vulnerabilities, patches, articles and other issues related to information security, I am a little late in getting this out. But, for those of you who are busy with your compliance duties and haven’t noticed… The FFIEC has issued the revised Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual.
The Federal Financial Institutions Examination Council’s (FFIEC) press release indicated that the revised Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual reflects the ongoing commitment of the federal and state banking agencies to provide current and consistent guidance on risk-based policies, procedures, and processes for banking organizations to comply with the Bank Secrecy Act and safeguard operations from money laundering and terrorist financing. The 2010 version further clarifies supervisory expectations since the August 24, 2007 update. The revisions again draw upon comment from the banking industry and examination staff.
The manual is located on the FFIEC BSA/AML InfoBase at: http://www.ffiec.gov/bsa_aml_infobase/default.htm.
Leave a comment
An honest sidebar. In the past year, we have received feedback from our regular webin Read more
Some of them about passwords . . . By view count, here are the top seven posters as o Read more
Experts warn that criminals may be trying to take advantage of the rush of shoppers… Read more
Recent revelations are a reminder of the risks associated with networked devices… An Read more