Bank Secrecy ActAntiMoney Laundering: Exam Issues

1
Bank Secrecy Act/Anti-Money Laundering Exam
Issues

• February 2005

2
Exam Issues

• Current exam initiatives
• Exams of high-risk banks
• Patriot Act exams

3
Exam Issues

• Enforcement guidance
• Approval process
• Criteria
• SAR guidance
• An effective program
• Exam considerations
• Criteria for citing violations

4
Exam Issues

• Foreign correspondent banking and USAPA
  requirements (31 USC 5318(I))
• Offshore bank accounts
• Foreign financial institutions

5
Exam Issues

• Pouch activities
• International business corporations private
  investment corporations
• Foreign brokered accounts
• Management commitment