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BSA/AML Examination Manual Update


On February 25, 2021, The Federal Financial Institutions Examination Council (FFIEC) released the latest updates to the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual (Manual). Although the Manual is intended to provide guidance to examiners on how to evaluate financial institutions’ compliance with the Bank Secrecy Act and anti-money laundering requirements, it does offer invaluable insight to regulated entities about regulatory expectations and how they will be evaluated in the examination process.


The following sections of the Manual were updated:

  • Introduction – Assessing Compliance with Bank Secrecy Act Regulatory Requirements

  • Customer Iden