- 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:
FDIC-Supervised Banks (Commercial and Savings)
Chief Executive Officer
BSA Compliance Officer
Bank Secrecy Act
Interagency Transmittal Letter
Interagency Transmittal Letter - PDF 6mb (PDF Help)
Senior Financial Analyst Debra L. Novak at SASFIL@FDIC.gov or (202) 898-3673
FIL-56-2005 - PDF 31k (PDF Help)
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).