BSA/AML Examination Manual - ffiec

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NCUA Examiner’s Guide OCC Comptroller’s Handbook — Asset Management OCC Comptroller’s Handbook — Community Bank Supervision OCC Comptroller’s Handbook — Compliance OCC Comptroller’s Handbook — Large Bank Supervision OCC Money Laundering: A Banker’s Guide to Avoiding Problems OTS Examination Handbook OTS Compliance Activities Handbook Other Materials Federal Financial Institutions Examination Council (FFIEC) Appendix C: BSA/AML References The FFIEC’s web site (www.ffiec.gov) includes the following information: • BSA/AML Examination Manual InfoBase. • Information Technology Handbooks. U.S. Government Interagency U.S. Money Laundering Threat Assessment (MLTA) (December 2005) The MLTA is a government-wide analysis of money laundering in the United States. The MLTA offers a detailed analysis of money laundering methods, ranging from wellestablished techniques for integrating dirty money into the financial system to modern innovations that exploit global payment networks as well as the Internet. (www.treas.gov/press/releases/reports/js3077_01112005_MLTA.pdf) Financial Crimes Enforcement Network (FinCEN) FinCEN’s web site (www.fincen.gov) includes the following information: • BSA Forms — Links to BSA reporting forms, and instructions for magnetic and electronic filing. • SAR Activity Reviews – Trends, Tips & Issues and By the Numbers — Meaningful information about the preparation, use, and value of Suspicious Activity Reports (SARs) filed by financial institutions. • BSA Guidance — Frequently Asked Questions, FinCEN rulings, guidance on preparing a complete and accurate SAR narrative, and country advisories. FFIEC BSA/AML Examination Manual C–2 8/24/2007
Appendix C: BSA/AML References • Reports — Links to FinCEN Reports to Congress, the U.S. Treasury’s National Money Laundering Strategy, and the U.S. State Department’s International Narcotics Control Strategy Report. • Federal Register notices. • Enforcement actions. Basel Committee on Banking Supervision (BCBS) The BCBS web site (on the Bank for International Settlements’ web site, www.bis.org) includes the following publications: • Consolidated Know Your Customer Risk Management • Initiatives by the BCBS, International Association of Insurance Supervisors (IAIS) and International Organization of Securities Commissions (IOSCO) to Combat Money Laundering and the Financing of Terrorism • Sharing of Financial Records Between Jurisdictions in Connection with the Fight Against Terrorist Financing • Customer Due Diligence for Banks • Prevention of Criminal Use of the Banking System for the Purpose of Money- Laundering • Banking Secrecy and International Cooperation in Banking Supervision Financial Action Task Force on Money Laundering (FATF) FATF’s web site (www.fatf-gafi.org) includes the following publications: • Forty Recommendations to Combat Money Laundering and Terrorism • Special Recommendations Against Terrorist Financing • Interpretive Notes to FATF Recommendations • Non-Cooperative Countries or Territories • Typologies on Money Laundering Risk • Trade Based Money Laundering • New Payment Methods • The Misuse of Corporate Vehicles, Including Trust and Company Service Providers • Complex Money Laundering Techniques — Regional Perspectives Report FFIEC BSA/AML Examination Manual C–3 8/24/2007
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Bank Secrecy Act / Anti-Money Laund
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Table of Contents EXPANDED EXAMINAT
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INTRODUCTION Introduction This Fede
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Background Introduction In 1970, Co
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Introduction institutions, such as
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Introduction proliferation of weapo
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Introduction Although the motivatio
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Scoping and Planning — Overview C
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Scoping and Planning — Overview T
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Scoping and Planning — Examinatio
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Scoping and Planning — Examinatio
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BSA/AML Risk Assessment — Overvie
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Analysis of Specific Risk Categorie
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BSA/AML Risk Assessment — Examina
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BSA/AML Compliance Program — Over
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Page 39 and 40:
BSA/AML Compliance Program — Exam
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Page 45 and 46:
Developing Conclusions and Finalizi
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Developing Conclusions and Finalizi
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Customer Identification Program —
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Customer Information Required Custo
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Page 55 and 56:
Page 57 and 58:
Transaction Testing Customer Identi
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Page 61 and 62:
Customer Due Diligence — Overview
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Customer Due Diligence — Examinat
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Suspicious Activity Reporting — O
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Page 69 and 70:
Law Enforcement Inquiries and Reque
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Timing of a SAR Filing Suspicious A
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Page 77 and 78:
Suspicious Activity Reporting — E
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Suspicious Activity Reporting — E
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Currency Transaction Reporting —
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Currency Transaction Reporting —
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Currency Transaction Reporting Exem
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• Operating a pawn brokerage. Cur
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Currency Transaction Reporting Exem
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Information Sharing — Overview In
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Information Sharing — Overview su
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Information Sharing — Overview es
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Copies of section 314(a) requests.
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Purchase and Sale of Monetary Instr
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Funds Transfers Recordkeeping — O
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Funds Transfers Recordkeeping — O
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Responsibilities of Beneficiary’s
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Funds Transfers Recordkeeping — E
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Foreign Correspondent Account Recor
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Page 119 and 120:
Page 121 and 122:
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Page 125 and 126:
Private Banking Due Diligence Progr
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Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Special Measures — Overview minim
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Examination Procedures Special Meas
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Foreign Bank and Financial Accounts
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International Transportation of Cur
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Office of Foreign Assets Control
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Page 147 and 148:
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Enterprise-Wide BSA/AML Compliance
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Page 157 and 158:
Page 159 and 160:
Corporate management. Enterprise-Wi
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Foreign Branches and Offices of U.S
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Page 165 and 166:
Page 167 and 168:
Examination Procedures Parallel Ban
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Correspondent Accounts (Domestic)
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Page 173 and 174:
Page 175 and 176:
Correspondent Accounts (Foreign)
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Correspondent Accounts (Foreign)
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U.S. Dollar Drafts — Overview U.S
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U.S. Dollar Drafts — Examination
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Payable Through Accounts — Overvi
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Payable Through Accounts — Examin
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Payable Through Accounts — Examin
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Risk Mitigation Pouch Activities
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Pouch Activities — Examination Pr
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Electronic Banking — Overview lin
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Examination Procedures Electronic B
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Funds Transfers — Overview and on
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Funds Transfers — Overview busine
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Examination Procedures Funds Transf
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Automated Clearing House Transactio
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Transaction Testing Automated Clear
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Electronic Cash — Overview Using
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Third-Party Payment Processors —
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Third-Party Payment Processors —
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Brokered Deposits — Overview Brok
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Examination Procedures Brokered Dep
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Privately Owned Automated Teller Ma
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• Expected account activity, incl
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Privately Owned ATMs — Examinatio
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Nondeposit Investment Products —
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Nondeposit Investment Products —
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− Holdings in excess of the custo
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Insurance — Overview its insuranc
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Examination Procedures Insurance In
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Concentration Accounts — Overview
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Concentration Accounts — Examinat
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Lending Activities — Overview bus
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Trade Finance Activities — Overvi
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Risk Mitigation Trade Finance Activ
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Trade Finance Activities — Overvi
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Private Banking — Overview Privat
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Customer Risk Assessment Private Ba
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Private Banking — Overview determ
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Offshore entities. Cash-intensive b
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Trust and Asset Management Services
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• The type of trust or agency acc
Page 263 and 264: Transaction Testing Trust and Asset
Page 265 and 266: Nonresident Aliens and Foreign Indi
Page 267 and 268: Nonresident Aliens and Foreign Indi
Page 269 and 270: Politically Exposed Persons — Ove
Page 271 and 272: Politically Exposed Persons — Ove
Page 273 and 274: Politically Exposed Persons — Exa
Page 275 and 276: Embassy and Foreign Consulate Accou
Page 277 and 278: Embassy and Foreign Consulate Accou
Page 279 and 280: Non-Bank Financial Institutions —
Page 287 and 288: Professional Service Providers —
Page 289 and 290: Professional Service Providers —
Page 291 and 292: Non-Governmental Organizations and
Page 293 and 294: Non-Governmental Organizations and
Page 295 and 296: Business Entities (Domestic and For
Page 297 and 298: Risk Factors Business Entities (Dom
Page 303 and 304: Cash-Intensive Businesses — Overv
Page 305 and 306: Appendix A: BSA Laws and Regulation
Page 311 and 312: Appendix B: BSA/AML Directives Appe
Page 313: Web Sites Appendix C: BSA/AML Refer
Page 317 and 318: Appendix D: Statutory Definition of
Page 319 and 320: Appendix E: International Organizat
Page 321 and 322: Appendix F: Money Laundering and Te
Page 325 and 326: Privately Owned Automated Teller Ma
Page 329 and 330: Funds Transfers Appendix F: Money L
Page 331 and 332: Appendix G: Structuring However, tw
Page 333 and 334: Appendix H: Request Letter Items (C
Page 339 and 340: Expanded Examination Procedures App
Page 341 and 342: Parallel Banking _ List any paralle
Page 351 and 352: Appendix I: Risk Assessment Link to
Page 353 and 354: Appendix J: Quantity of Risk Matrix
Page 355 and 356: Appendix K: Customer Risk versus Du
Page 357 and 358: When did the suspicious activity ta
Page 359 and 360: Low No history of OFAC actions. No
Page 361 and 362: Appendix O: Examiner Tools for Tran
Page 363 and 364: Appendix O: Examiner Tools for Tran
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Signature Cards Appendix P: BSA Rec
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Name and address of the beneficiary
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Appendix P: BSA Record Retention Re
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Acronym or abbreviation Full name E
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Acronym or abbreviation Full name N
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Appendix R: Enforcement Guidance Ap
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Appendix R: Enforcement Guidance As
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Appendix R: Enforcement Guidance ex
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Appendix R: Enforcement Guidance FF
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Backfiling. See Currency Transactio
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overview, 165-167 request letter it
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money services businesses, 279 nond
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Export Administration Act of 1979,
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Index 314(a) record searches, 88 Cu
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Index for a BSA/AML compliance prog
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guidance on providing banking servi
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247, 253, H-15 Offshore Financial C
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trade finance activities, H-14 trus
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enterprise-wide, 149-150, 152, 153
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U United Nations, 7, 137 Updating O
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