The Federal Financial Institutions Examination Council (FFIEC) released updates to several sections of the Bank Secrecy Act/Anti-Money Laundering Examination Manual. A breakdown of the most relevant sections for credit unions can be found at CUNA's CompBlog.
The updates should not be interpreted as new instructions or increased focus on certain areas; instead, they offer further transparency into the examination process and support risk-focused examination work.
The updated sections are:
Details are available at https://bsaaml.ffiec.gov.