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:

• Special Information Sharing Procedures to Deter Money Laundering and Terrorist Activity
• Due Diligence Programs for Correspondent Accounts for Foreign Financial Institutions
• Due Diligence Programs for Private Banking Accounts
• Prohibition on Correspondent Accounts for Foreign Shell Banks; Records Concerning Owners of Foreign Banks and Agents for Service of Legal Process
• Summons or Subpoena of Foreign Bank Records; Termination of Correspondent Relationship; Records Concerning Owners of Foreign Banks and Agents for Service of Legal Process
• Reporting Obligations on Foreign Bank Relationships with Iranian-Linked Financial Institutions

Details are available at https://bsaaml.ffiec.gov.