FFIEC BSA/AML Examination Manual: What Compliance Officers Really Need to Know?
Learn what changed in the revised FFIEC BSA/AML Examination Manual, section by section, and where to review your policies and procedures before your next exam.
Speaker
Justin Muscolino
Compliance training executive · 20+ years in compliance and training
Overview
The FFIEC BSA/AML Examination Manual sets out how examiners assess a bank's Bank Secrecy Act and anti-money laundering program. This 60-minute webinar works through every section of the revised manual to point out the changes and the areas where banks should review their internal policies, processes and procedures.
Topics include the AML risk assessment, the BSA/AML compliance program, the Customer Identification Program (CIP), customer due diligence and enhanced due diligence (CDD/EDD), and suspicious activity and currency transaction reporting. The session also shares exam best practices.
Knowing these changes helps you stay current and prepared for your next BSA/AML examination.
Why attend: The agencies that make up the Federal Financial Institutions Examination Council (FFIEC) released an updated BSA/AML Examination Manual with current guidance on risk-based policies, procedures and processes for complying with the BSA and protecting against money laundering and terrorist financing. This session suits BSA/AML officers and front-line staff at banks and MSBs, internal and independent auditors, risk and compliance managers and AML consultants.
What’s covered
- Introduction and overview of the FFIEC Examination Manual
- Recent changes to the manual
- Exam best practices
- AML risk assessment
- BSA/AML compliance program
- Customer Identification Program (CIP)
- Customer due diligence and enhanced due diligence (CDD/EDD)
- Suspicious activity and currency transaction reporting
Who should attend
What you get
About the speaker
Justin brings over 20 years of wide-ranging experience in compliance, training, and regulation in the financial services sector. Most recently, he served as Head of Compliance Training at Bank of China, where he led the compliance training function and created and monitored the annual training plan through a thorough training needs analysis. Previously, he served as Macquarie Group’s Head of Americas Compliance Training and J.P. Morgan Chase’s compliance training manager. He also worked for FINRA, a US regulator, where he created Examiner University to train examiners on how to perform their function.
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