BSA/AML Examination Manual - ffiec

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Index Certifications CIP reliance, 54, H-3 foreign correspondent accounts, 107-108, 115, 118, A-4, H-5 Charities. See Non-Governmental Organizations Civil Liability, 9 safe harbor, 61, 90 Civil Money Penalty(ies). See also Criminal Penalty(ies) 6, 10, 16, 109, M-2 Clearing House Interbank Payments System (CHIPS), 192-193, Q-1 described, 194 Collection Accounts. See Concentration Accounts Common Carrier. See International Transportation of Currency or Monetary Instruments Concentration Accounts, 20, F-4, H-12, H-14 collection accounts, 235, H-13 examination procedures, 237 intraday accounts, 235, H-13 omnibus accounts, 235, H-12, H-13, H-14 overview, 235-236 request letter items, H-13 special use accounts, 20 suspense accounts, 195, 235, H-10, H-12, H-13, H-14 sweep accounts, 170, 224, 235, 247, H-13 Confidentiality grand jury proceedings, 65, 72 international business corporations (IBCs), 291 National Security Letters (NSLs), 66 private banking, 248 Private Investment Companies (PICs), 292 Section 314(a) record searches, 88-90, 92, H-4 Section 314(b) information sharing, 90-91, 93 Suspicious Activity Reports (SARs), 69 Continuous Linked Settlement (CLS) Bank, 194 Contractual Agreements, Contracts brokered deposits, 215-216 Customer Identification Program (CIP) reliance, 51, 54, H-3 electronic funds transfers, F-3 insurance, 230, 233, H-13 foreign correspondent accounts, 170, 173, H-5 nondeposit investment products (NDIP), 225, 226, 228, H-13 payable through accounts (PTAs), 179, 182, H-5 pouch activities, 185, 186 privately owned automated teller machines (ATMs), 220-222, F-6 Remote Deposit Capture (RDC), 190 U.S. dollar drafts, 177 Correspondent Accounts (Domestic), L-1 examination procedures, 168-169 FFIEC BSA/AML Examination Manual Index-3 8/24/2007
overview, 165-167 request letter items, H-8 Correspondent Accounts (Foreign). See also Foreign Correspondent Account Recordkeeping and Due Diligence 20, 23, 25, L-1, M-1 examination procedures, 173-174 laws and regulations, A-3, A-4 mandatory account closures, 16 nested accounts, 171 overview, 170-172 payable through accounts (PTAs), 178-180 recordkeeping and due diligence examination procedures, 115-119 recordkeeping and due diligence overview, 106-114 request letter items, H-5, H-8 sound practices, 172 special measures, 129-130 U.S. dollar drafts, 175-177 Correspondent Bank. See also Respondent Bank domestic, 165-167, 168-169, 193, 194, C-4, F-4, H-8 foreign, 106, 108, 117-118, 131, 141, 162-163, 170-172, 173-174, 175-178, 182, 184, 196, 241, 294, F-7, H-5, H-6, H-8, H-9 Credit Cards, 53, 101, 147, 188, 209, 210, 238, 247, 291 recordkeeping requirements, 49, P-6 system operators, 5, D-1 Criminal Activity, 9, 10, 69, 293, F-1, G-1 Criminal Investigation Division. See Internal Revenue Service (IRS) Criminal Penalty(ies). See also Civil Money Penalties 4, 9-10, A-3, G-1 Currency Activity Reports, 62, 73, H-3 Currency Exchanges(ers), 20, 119, 122, D-1, F-10 Currency Transaction Report Exemptions. See also Currency Transaction Reports (CTRs) 13-14, 16, 30-31, 35, 36, 43, 77, 79, 153 annual review — Phase 1 customer, 82 annual review — Phase II customer, 83 biennial renewal — Phase II customer, 84 examination procedures, 85-86 ineligible businesses, 82-83 overview, 81-84 Phase I exemptions, 81 Phase II exemptions, 82-83 request letter items, H-4 safe harbor, 84 Index FFIEC BSA/AML Examination Manual Index-4 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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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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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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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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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
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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 and 382: Appendix R: Enforcement Guidance FF
Page 383: Backfiling. See Currency Transactio
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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