Compliance: FFIEC launches new BSA/AML InfoBase site

October 22, 2018

The Federal Financial Institutions Examination Council (FFIEC) launched a redesigned Bank Secrecy Act/Anti-Money Laundering (BSA/AML) InfoBase website last week, aimed at sharing financial institution examination procedure information with examiners, financial institutions, the public and other stakeholders.

According to the FFIEC, InfoBase was redesigned to improve the overall experience for users. The redesign improves site navigation, enhances search capabilities, provides mobile-friendly capability and contains new functionality that allows users to download various sections of the FFIEC BSA/AML Examination Manual.

The BSA/AML InfoBase Home Page provides users with access to everything in one place. At the top of the screen, across the banner from left to right, users can get to the Infobase Home Page, the Online BSA/AML Manual, Examination Procedures, References, and the FFIEC Home Page.

Quickly accessible sections of the manual include:

  • Introduction: An introduction to the FFIEC BSA/AML Examination Manual and related concepts;
  • Compliance Program: Guidance to examiners on examination scoping and planning, assessing the BSA risk assessment and compliance program, and developing conclusions and finalizing the exam;
  • Regulatory Requirements: Guidance to examiners on assessing compliance with other statutory and regulatory BSA requirements;
  • Program Structures: Guidance to examiners on assessing BSA/AML compliance program structures, management of foreign branches, and parallel banking;
  • Products and Services: Guidance to examiners on risks associated with product and services.
  • Persons and Entities: Guidance to examiners on assessing risks associated with certain types of persons and entities; and
  • Appendices: Supplementary BSA/AML materials including laws & regulations, directives, references, and guidance.

Additional options and information includes PDF versions of the manual and a Spanish translation, as well as a page containing all of the Examination Procedures available for single or multiple download.

In addition to CompBlog, CUNA’s Compliance Community contains discussion boards and a number of other resources for credit union compliance professionals around the country.