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Inactive Financial Institution Letters

Bank Secrecy Act
Federal Financial Institutions Examination Council Bank Secrecy Act/Anti-Money Laundering Examination Manual
FIL-56-2005
June 30, 2005


Summary: The Federal Financial Institutions Examination Council has issued the Bank Secrecy Act/Anti-Money Laundering Examination Manual.

Highlights:
  • The Federal Financial Institutions Examination Council has issued the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual (Manual).
  • The Manual is the result of a collaborative effort of the federal banking agencies and the Financial Crimes Enforcement Network to ensure consistency in the BSA/AML examinations.
  • The Manual includes the examination procedures that examiners will begin using during the third quarter of 2005 when conducting BSA/AML examinations of banking organizations.
  • The Manual does not set new standards; instead, it is a compilation of existing regulatory requirements, supervisory expectations and sound practices in the BSA/AML area.
  • More than two-thirds of the Manual is dedicated to providing narrative guidance and resource materials.
  • Compliance and business line personnel should review the Manual carefully to ensure that your banking organization is properly addressing BSA/AML compliance and risk-management issues.
  • The Manual can be found at:
    http://www.ffiec.gov/press/pr063005.htm

Distribution:
FDIC-Supervised Banks (Commercial and Savings)

Suggested Routing:
Chief Executive Officer
BSA Compliance Officer

Related Topics:
Bank Secrecy Act
Anti-Money Laundering
Terrorist Financing

Attachment:
Interagency Transmittal Letter
      Interagency Transmittal Letter - PDF 6mb (PDF Help)

Contact:
Senior Financial Analyst Debra L. Novak at SASFIL@FDIC.gov or (202) 898-3673

Printable Format:
FIL-56-2005 - PDF 31k (PDF Help)

Note:
FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2005/index.html.

To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.

Paper copies of FDIC FILs may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342 or (703) 562-2200).


Last Updated 06/30/2005 communications@fdic.gov