BSA/AML assessment handbook upgraded | ABA Banking Journal

The Federal Financial Institutions Examination Council has actually upgraded areas and associated assessment treatments in the FFIEC Bank Secrecy Act/Anti-Money Laundering Examination Manual. The updates lie within the “Assessing Compliance with BSA Regulatory Requirements” area and address subjects such as reporter represent foreign banks and reporting commitments on foreign bank relationships with Iranian-connected organizations.

Financial organizations must not analyze the updates as brand-new directions or an increased concentrate on particular locations, FFIEC stated. The updates rather are planned to use additional openness into the assessment procedure and assistance risk-focused assessment work


A news media journalist always on the go, I've been published in major publications including VICE, The Atlantic, and TIME.

Related Articles

Back to top button