The Federal Financial Institutions Examination Council (FFIEC) recently launched a new website – the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) InfoBase.

The site was developed to provide field examiners at the regulatory agencies with an electronic source for training and distributing needed examination information. Credit unions and other financial institutions will also benefit from the materials available for download including the Bank Secrecy Act (BSA) /Anti-Money Laundering (AML) Examination Manual.  The manual contains seven core sections:

  1. Introduction;
  2. Core examination overview and procedures for assessing the BSA/AML compliance program;
  3. Core examination overview and procedures for regulatory requirements and related topics;
  4. Expanded examination overview and procedures for consolidated and other types of BSA/AML compliance program structures;
  5. Expanded examination overview and procedures for products and services;
  6. Expanded examination overview and procedures for persons and entities; and
  7. Appendices.

Each section provide narrative guidance and background information on each topic and examination procedures.

A Spanish translation version of the manual is also available for download on the Spanish translation page.