To All Depository Institutions and Others Concerned
in the Second Federal Reserve District
The Federal Financial Institutions Examination Council (FFIEC) has issued a revised Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual. The manual was updated to further clarify supervisory expectations and incorporate regulatory changes since the manual's 2005 release.
The interagency statement from the federal banking agencies and FinCEN outlines the significant revisions and updates to the manual that include: risk assessment, automated clearing house transactions, trade finance activities, regulatory and supervisory guidance, emerging money laundering risks and reformatting of the manual.