Risk Management Manual of Examination Policies - FDIC

REPORT OF EXAMINATION INSTRUCTIONS Section 16.1
PURPOSE
OFFICER'S QUESTIONNAIRE (BANK SECRECY ACT)
This questionnaire is intended to aid the examiner in assessing the bank's compliance with the Bank Secrecy Act
(BSA) and related statutes. This questionnaire may disclose information that might not have come to the examiner's
attention during the examination.
GENERAL
• Examiners are encouraged to provide bank management with a disk copy of the Bank Secrecy Act Officer's
Questionnaire if the bank has compatible word processing software.
• The questionnaire should normally remain in the examination workpapers. It may be submitted with the Report
of Examination when there are circumstances which make including it appropriate. For example, the
Questionnaire should be included when the examiner suspects that the preparer knowingly provided incorrect
information.
• Answers should address the period since the date of the previous FDIC examination.
• Examiners may interpret questions to help management complete the questionnaire. If an answer is believed to
be in error, the signing officer may be permitted to correct the answer, provided the error is an oversight or
misunderstanding. The signing officer should initial all corrections, if not using a word processor.
• The questionnaire is an official document prepared by the institution. Do not alter it.
• The examiner has the flexibility to determine the date for questionnaire completion. The questionnaire may be
completed as of the Examination as of Date or the Examination Start Date. However, under no circumstances
should the banker be given the opportunity to complete the questionnaire as of a date subsequent to receiving
the questionnaire.
• Generally, the chief executive officer should sign the questionnaire. However, any executive officer, as defined
by Regulation O, may sign if no significant problems are anticipated.
• Answers can be listed on continuation pages when adequate space is not provided following the question.
Copies of institution documents are acceptable, provided they furnish at least the requested information and
contain original signatures. If printouts are voluminous, they may be provided separately from the
questionnaire with a statement that a complete listing was given to the examiner-in-charge.
Note: The Bank Secrecy Act section of the Manual provides additional guidance regarding the subject matter of this
questionnaire.
PROCEDURES FOR MONITORING
BANK SECRECY ACT COMPLIANCE (12 C.F.R 326.8)
Questions 1 through 4
The purpose of these questions is to determine compliance with applicable laws and regulations, specifically Section
326.8 of the FDIC's Rules and Regulations.
Report of Examination Instructions (12-04) 16.1-56 DSC Risk Management Manual of Examination Policies
Federal Deposit Insurance Corporation