BSA/AML Examination Manual - ffiec

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Index A Index Account Closure foreign correspondent accounts, 16, 108, 118 Affiliate Customer Identification Program (CIP) reliance, 50 enterprise-wide compliance programs, 149-152 foreign correspondent accounts, 107, 110, 116 insurance (sales of), 230, 233 nondeposit investment products (NDIPs), 224, 225 private banking, 249 Section 314 information requests, 89, 92-93 Suspicious Activity Reports (SARs), 60-61, 69 Aggregate Risk Profile. See Risk Assessment Aggregation. See Currency Transaction Reports (CTRs) Annuity Contract. See Insurance Annunzio–Wylie Anti-Money Laundering Act, 3, 99 Applications mergers, acquisitions, and other business combinations (consideration of a bank’s AML record in), 4, 6, 16 Office of Foreign Assets Control (OFAC) licenses, 139 taxpayer identification number, 47, 53, H-2 Army Post Office (APO), Q-1 customer address, 47, 104 Asset Protection Trust (APT), 256, 259, H-16, Q-1 Asset Seizure, 16, 179, 248 Attorney General. See U.S. Attorney General Audit. See Independent Testing Automated Clearing House (ACH) Transactions. See also Electronic Funds Transfers (EFT); Funds Transfers Recordkeeping; Remote Deposit Capture (RDC) 20, 63, 99, 192, 209, 210, 219-220, C-4, Q-1 cross-border, 141, M-1 examination procedures, 204-205 Office of Foreign Assets Control (OFAC) screening, 143-144, 146, 202-203 Originating Depository Financial Institution (ODFI), 143-144, 200-203, Q-4 overview, 199-203 Receiving Depository Financial Institution (RDFI), 143-144, 200-203, Q-5 red flags, F-3 request letter items, H-11 third-party service provider (TPSP), 200-201, 204-205, 209, F-3, Q-5 Automated Teller Machine (ATM) Transactions, 20, 63, 77, 99, 188, 192, 206-207, Q-1, F-2 foreign, 261 privately owned, 21, 219-223, 298, F-6, H-12 FFIEC BSA/AML Examination Manual Index-1 8/24/2007
Backfiling. See Currency Transaction Reports (CTRs) Bank for International Settlements (BIS), C-3, E-1, Q-1 Bank Holding Company (BHC), C-1, Q-1 filing Suspicious Activity Reports (SARs), 152, 154, A-5 sharing SARs, 68 Bank Secrecy Act (BSA) Officer, 11, 15, 32-34, 37-38, 64, 69, 258, H-1 designation of, 29, 32 periodic training for, 33 Basel Committee on Banking Supervision (BCBS), 149, 156, C-3, E-1, Q-1 Bearer Shares, 250-251, 291, 292, 293, 295, 296 request letter items, H-18 Beneficial Owners. See Nominal and Beneficial Owners Blocked Transactions. See Office of Foreign Assets Control (OFAC) Brokered Deposits. See also Contractual Agreements, Contracts definition of customer for Customer Identification Program (CIP), 215 examination procedures, 217-218 overview, 215-216 request letter items, H-12 Brokers/Dealers. See Non-Bank Financial Institutions Bureau of Customs and Border Protection. See U.S. Bureau of Customs and Border Protection Business Entities. See also Foreign Business Entities 21, 189, 209 beneficial owners, 291, 292, 293, 294, 295 domestic, 290-291 examination procedures, 296-297 Nominee Incorporation Services (NIS), 292, F-2, Q-4 overview, 290-295 request letter items, H-18 Casas de Cambio, 20, 179, 182 cross border financial institution transaction red flags, F-4, F-5 Cash-Intensive Businesses, 21, 253, H-15, H-16 examination procedures, 300 overview, 298-299 request letter items, H-19 Cash Management, 46, 170, 224, 247, 254 Casinos. See Non-Bank Financial Institutions Certificate of Deposit, 61, P-2 collateral to secure a loan, 238, F-4 B C Index FFIEC BSA/AML Examination Manual Index-2 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 37 and 38:
Page 39 and 40:
BSA/AML Compliance Program — Exam
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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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Transaction Testing Customer Identi
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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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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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Private Banking Due Diligence Progr
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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 145 and 146:
Page 147 and 148:
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Page 151 and 152:
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Enterprise-Wide BSA/AML Compliance
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Corporate management. Enterprise-Wi
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Foreign Branches and Offices of U.S
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Examination Procedures Parallel Ban
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Correspondent Accounts (Domestic)
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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
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Transaction Testing Trust and Asset
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Nonresident Aliens and Foreign Indi
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Nonresident Aliens and Foreign Indi
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Politically Exposed Persons — Ove
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Politically Exposed Persons — Ove
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Politically Exposed Persons — Exa
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Embassy and Foreign Consulate Accou
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Embassy and Foreign Consulate Accou
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Non-Bank Financial Institutions —
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Professional Service Providers —
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Professional Service Providers —
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Non-Governmental Organizations and
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Non-Governmental Organizations and
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Business Entities (Domestic and For
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Risk Factors Business Entities (Dom
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Cash-Intensive Businesses — Overv
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Appendix A: BSA Laws and Regulation
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Appendix B: BSA/AML Directives Appe
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Web Sites Appendix C: BSA/AML Refer
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Appendix C: BSA/AML References •
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Appendix D: Statutory Definition of
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Appendix E: International Organizat
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Appendix F: Money Laundering and Te
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Privately Owned Automated Teller Ma
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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
Page 365 and 366: Signature Cards Appendix P: BSA Rec
Page 367 and 368: Name and address of the beneficiary
Page 369 and 370: Appendix P: BSA Record Retention Re
Page 371 and 372: Acronym or abbreviation Full name E
Page 373 and 374: Acronym or abbreviation Full name N
Page 375 and 376: Appendix R: Enforcement Guidance Ap
Page 377 and 378: Appendix R: Enforcement Guidance As
Page 379 and 380: Appendix R: Enforcement Guidance ex
Page 381: Appendix R: Enforcement Guidance FF
Page 385 and 386: overview, 165-167 request letter it
Page 387 and 388: money services businesses, 279 nond
Page 389 and 390: Export Administration Act of 1979,
Page 391 and 392: Index 314(a) record searches, 88 Cu
Page 393 and 394: Index for a BSA/AML compliance prog
Page 395 and 396: guidance on providing banking servi
Page 397 and 398: 247, 253, H-15 Offshore Financial C
Page 399 and 400: Purchase and Sale of Monetary Instr
Page 401 and 402: trade finance activities, H-14 trus
Page 403 and 404: enterprise-wide, 149-150, 152, 153
Page 405: U United Nations, 7, 137 Updating O
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