BSA/AML Examination Manual - ffiec

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Report of Foreign Bank and Financial Accounts (FBAR). See Foreign Bank and Financial Accounts Reporting Report of International Transportation of Currency or Monetary Instruments (CMIR). See International Transportation of Currency or Monetary Instruments Request Letter Items, 11, 13, 15, 25, H-1 to H-19 automated clearing house (ACH) transactions, H-11 bearer shares, H-18 brokered deposits, H-12 BSA/AML compliance program, H-1 business entities (domestic and foreign), H-18 cash intensive businesses, H-19 concentration accounts, H-13 correspondent accounts (domestic), H-8 correspondent accounts (foreign), H-8 currency-shipment activity, H-6 currency transaction reporting, H-4 currency transaction reporting exemptions, H-4 Customer Identification Program (CIP), H-2, H-3 electronic banking, H-10 electronic cash, H-11 embassy and foreign consulate accounts, H-17 foreign branches and offices of U.S. banks, H-9 foreign correspondent account recordkeeping and due diligence, H-5, H-6 funds transfers, H-10 funds transfer recordkeeping, H-5 independent testing, H-1, H-2 information sharing, H-4, H-5 insurance, H-13 lending activities, H-13, H-14 non-bank financial institutions (NBFIs), H-17, H-18 nondeposit investment products (NDIP), H-12, H-13 nonresident aliens (NRAs) and foreign individuals, H-17 Office of Foreign Assets Control (OFAC), H-6, H-7 other BSA reporting and recordkeeping requirements, H-6 parallel banking, H-10 payable through accounts (PTAs), H-8, H-9 politically exposed persons (PEPs), H-17 pouch activities, H-9 private banking, H-14, H-15 privately owned automated teller machines (ATMs), H-12 professional service providers, H-18 purchase and sale of monetary instruments, H-5, H-11, H-12 training, H-2 risk assessment, 25, H-2 suspicious activity reporting, H-3, H-4 third-party payment processors, H-11 Index FFIEC BSA/AML Examination Manual Index-19 8/24/2007
trade finance activities, H-14 trust and asset management services, H-15, H-16 U.S. dollar drafts, H-8 Respondent Bank. See also Correspondent Bank 166, 167, 168, 293, 294, F-6 defined, 166 Risk Assessment, 13 aggregate risk profile, 26 customers and entities, 20, 21, 45-46 developing a BSA/AML compliance program based upon, 24, 35, I-1 enterprise-wide BSA/AML risk assessment, 24, 149-155 evaluating the bank’s BSA/AML risk assessment, 18-23 examination procedures, 27 examiner development of, 25-26 foreign financial institutions, 110, 112, 116, 117, 118, 133 geographic locations, 21-23 money services business (MSB), 277 non-bank financial institution (NBFI) risk assessment factors, 275-276 OFAC risk assessment, 2, 12, 17, 140-141, 146, 147 overview, 18-26 private banking accounts, 121-122, 126, 127, 249 products and services, 19-20, 46 request letter items, H-2, H-7, H-8, H-12, H-13, H-14, H-16, H-18, H-19 review of, 11-12, 15, 17, 31, 41 risk categories — analysis of, 23 risk categories — identification of, 18, 19-21 updating the risk assessment, 24-25 Risk Categories. See Risk Assessment S Index Safe Harbor. See Currency Transaction Report (CTR) Exemptions; Information Sharing; Suspicious Activity Reporting Sanctions, 3, 248 Office of Foreign Assets Control (OFAC), 2, 7, 12, 21, 137-138, 139, 140, 144, 209, 242, 243 Scoping and Planning. See Examination Scope Screening Automated Clearing House (ACH) Transactions. See Office of Foreign Assets Control (OFAC) Secretary of the Treasury, 4, 5, 16, 22, 108, 111, 117, 119, 128, 129, 130, 137, D-2, H-6 Section 311 of the USA Patriot Act. See Special Measures Section 314(a) of the USA Patriot Act. See Information Sharing; Confidentiality Section 314(b) of the USA Patriot Act. See Information Sharing; Confidentiality Seizure. See Asset Seizure Senior Foreign Political Figures. See Private Banking Due Diligence Program (Non U.S. Persons; Politically Exposed Person (PEP) FFIEC BSA/AML Examination Manual Index-20 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
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Expanded Examination Procedures App
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Parallel Banking _ List any paralle
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Page 349 and 350: Appendix H: Request Letter Items (C
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 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: Purchase and Sale of Monetary Instr
Page 403 and 404: enterprise-wide, 149-150, 152, 153
Page 405: U United Nations, 7, 137 Updating O
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