The FFIEC members have added a new introductory section and revised content in the Customer Identification Program, Currency Transaction Reporting, and Transactions of Exempt Persons. The Manual provides instructions to examiners for assessing the adequacy of a bank’s BSA/AML compliance program and its compliance with BSA regulatory requirements. The Manual itself does not establish requirements for banks; such requirements are found in statutes and regulations.

Alert! Revisions to Three Sections of the BSA FFIEC Exam Manual – Presented by: Deborah Crawford | OnCourse Learning (cuwebinars.com)