The Federal Financial Institutions Examination Council (FFIEC) has made several updates to the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examiner’s Manual. To view specific sections of the manual, select within the left column. The Online link under “View” allows you to see the selected section online or by selecting PDF under “Download” you can print or save the selected section. The manual update, which supports tailored examination work, has been in process for an extended period and should not be interpreted as new instructions or as a new or increased focus. The FFIEC has issued the first update to the BSA/AML Examination Manual since 2014.

According to an interagency statement, revisions were made throughout the updated sections to incorporate regulatory changes since the Manual was last updated in 2014 and “to ensure language clearly distinguishes between mandatory regulatory … CUNA’s compliance staff have detailed on CompBlog the changes, which are unrelated to the coronavirus disease (COVID-19) pandemic, nor do they include any new requirements.

On April 15, 2020, the Federal Financial Institutions Examination Council (“FFIEC”) released updates to the Bank Secretary Act/Anti-Money Laundering (“BSA/AML”) examination manual (the “Manual”). The updates offer further transparency into the examination process and establish no new requirements. BSA/AML Examination Manual Section List and Download Options. On April 15, the FFIEC published the updated Bank Secrecy Act/Anti-Money Laundering Examination Manual (Manual). The changes include discussions of risk assessments, SAR filing processes …

FFIEC BSA/AML Examination Manual Updates The FFIEC was established in March 1979 to prescribe uniform principles, standards and report forms and to promote uniformity in the supervision of financial institutions. The Federal Financial Institutions Examination Council (FFIEC) is updating several sections and related examination procedures in the FFIEC Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual, which provides instructions to examiners for assessing a bank's BSA/AML compliance program.