Bsa aml man 2010

Bank Secrecy Act/ Anti-Money Laundering Examination Manual
Federal Financial Institutions Examination Council

Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation,
National Credit Union Administration, Office of the Comptroller of the Currency,
Office of Thrift Supervision, and State Liaison Committee

2010

Table of Contents


TABLE OFCONTENTS
The sections of the FFIEC BSA/AML Examination Manual that have been added or significantly modified from the previous edition are reflected by date. INTRODUCTION 5

CORE EXAMINATION OVERVIEW AND PROCEDURES FOR ASSESSING THE
BSA/AML COMPLIANCE PROGRAM 15
Scoping and Planning — Overview (2010) .............................................................. 15
Examination Procedures................................................................................. 19
BSA/AML Risk Assessment — Overview (2010) ................................................... 22
Examination Procedures ................................................................................. 31
BSA/AML Compliance Program — Overview (2010) ............................................ 32Examination Procedures ................................................................................. 38
Developing Conclusions and Finalizing the Examination — Overview (2010) ...... 44
Examination Procedures ................................................................................. 48
CORE EXAMINATION OVERVIEW AND PROCEDURES FOR REGULATORY
REQUIREMENTS AND RELATED TOPICS 52Customer Identification Program — Overview........................................................ 52
Examination Procedures ................................................................................. 59
Customer Due Diligence — Overview ..................................................................... 63
Examination Procedures................................................................................. 66
Suspicious Activity Reporting — Overview (2010)................................................. 67
Examination Procedures ................................................................................. 81
Currency Transaction Reporting — Overview ......................................................... 86
Examination Procedures................................................................................. 88
Currency Transaction Reporting Exemptions — Overview (2010) ......................... 90
Examination Procedures ................................................................................. 95
Information Sharing — Overview ............................................................................ 97
ExaminationProcedures ............................................................................... 103
Purchase and Sale of Monetary Instruments Recordkeeping — Overview............ 106
Examination Procedures ............................................................................... 109
Funds Transfers Recordkeeping — Overview........................................................ 110Examination Procedures ............................................................................... 116
Foreign Correspondent Account Recordkeeping and Due Diligence — Overview117
Examination Procedures ............................................................................... 125
Private Banking Due Diligence Program (Non-U.S. Persons) — Overview ......... 130
Examination Procedures............................................................................... 135
Special Measures — Overview............................................................................... 138
Examination Procedures ............................................................................... 141
Foreign Bank and Financial Accounts Reporting — Overview (2010) ................ 142...