BSA/AML Examination Manual - ffiec

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Currency Transaction Reports (CTRs). See also Currency Transaction Report Exemptions 13, 14, 16, 30, 31, 35, 37, 43, 44, 75, 77, 79, 80, 105, 166, 169, 182, 185, 212, 299, F-2, G-1, Q-1 aggregation, 31, 77, 79, 190, 228, 252, 258, H-14 backfiling, 77-78, 84 examination procedures, 79-80 filing time frames, 77 laws and regulations, A-2 overview, 77-78 record retention, P-5 request letter items, H-1, H-4 tools for transaction testing, O-1 Customer. See Customer Identification Program (CIP) Customer Due Diligence (CDD). See also Enhanced Due Diligence (EDD); Know Your Customer (KYC) 23, 29, 35, 36, 166, 172, 185, 225, 263, 269, C-3, E-1, H-2, Q-1 adequacy of information, O-2 automated clearing house (ACH) transactions, 201 beneficial owners, 58 deposit brokers, 215-218 examination procedures, 59 for suspicious activity reporting, 61-62, 74-75 funds transfers, 196 money services business, 279-280 OFAC risk assessment, 140 overview, 56-58 private banking, 249-250 privately owned ATMs, 222-223 risk assessment, 23 trade finance, 243, 245-246 Customer Identification Program (CIP), 29, 31, 34, 36, 43, 75, 205, 208, Q-1 “account” defined, 46 adequacy of information, O-2 brokered deposits — customer defined, 215 business entities (domestic and foreign), 294 cash intensive businesses, 300 comparison with government lists, 50 “customer” defined, 46 customer information required, 47 customer notice, 50 customer verification, 47-49 electronic banking, 188, 191 examination procedures, 52-55 laws and regulations, A-3 lending activities, 238, 240 Index FFIEC BSA/AML Examination Manual Index-5 8/24/2007
money services businesses, 279 nondeposit investment products, 225, 228 nongovernmental organizations (NGOs) and charities, 287 nonresident aliens (NRAs) and foreign individuals, 261, 263 overview, 45-51 payable through accounts, 182 private banking, 250 recordkeeping requirements, 49-50, P-5 reliance on another financial institution, 50-51, 54, H-2 request letter items, H-1, H-2, H-3, H-13 risk assessment, 23 separate from OFAC, 139 trust and asset management services, 254-255, 259 U.S. dollar drafts, 177 use of third parties, 51 Customer Notice. See Customer Identification Program (CIP) Customer Verification. See Customer Identification Program (CIP) Customers and Entities. See Risk Assessment Debit Cards, 188, 192, L-1 Developing Conclusions, 2, 12, 26, 39 appropriate supervisory response, 40, 41, 44 overview, 40 examination procedures, 41-44 Document Control Number (DCN). See Internal Revenue Service (IRS) Dollar Drafts. See U.S. Dollar Drafts Dual-Employee Arrangements. See Nondeposit Investment Products E-Cash. See Electronic Cash Electronic Banking (e-banking). See also Internet Banking 19-20, 141, J-1, M-1, Q-1 examination procedures, 191 overview, 188-190 request letter items, H-10 Electronic Cash (e-cash), 20, Q-1 examination procedures, 208 overview, 206-207 request letter items, H-11 Electronic Funds Transfers (EFT). See also Automated Clearing House (ACH) Transactions; Clearing House Interbank Payment System (CHIPS); Funds Transfers Recordkeeping D E Index FFIEC BSA/AML Examination Manual Index-6 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
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Appendix H: Request Letter Items (C
Page 335 and 336: 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 and 384: Backfiling. See Currency Transactio
Page 385: overview, 165-167 request letter it
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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