Regulators Update BSA/AML Exam Manual

The Federal Financial Institutions Examination Council announced updated sections and related examination procedures in its Bank Secrecy Act/Anti-Money Laundering Examination Manual. Manual updates are located within the Assessing Compliance with BSA Regulatory Requirements section and are dated 2023. They include updates related to due diligence programs for correspondent and private banking accounts as well as special information-sharing procedures to deter money laundering and terrorist activity.

Join nearly 80 community bank BSA/AML professionals at CBA’s 16th Annual Advanced BSA/AML School, August 21 – 25, 2023, King & Prince, St. Simons Island.