The FFIEC members have added a new introductory section and revised content in the Customer Identification Program, Currency Transaction Reporting, and Transactions of Exempt Persons. The Manual provides instructions to examiners for assessing the adequacy of a bank's BSA/AML compliance program and its compliance with BSA regulatory requirements.

The Manual itself does not establish requirements for banks; such requirements are found in statutes and regulations. The updates should not be interpreted as new instructions or as a new or increased focus on certain areas; instead, they offer further transparency into the examination process and support risk-focused examination work. The FFIEC revised the sections in close collaboration with Treasury's Financial Crimes Enforcement Network.What You'll Learn:

• New Section: Assessing Compliance with BSA Regulatory Requirements
• Revised Customer Identification Program
• Revised Currency Transaction Reporting
• Revised Transactions of Exempt Persons
• Each section has rewritten exam procedures
• A "To-Do" list for you
• New Audit checklist
• Hot Spots in these exam areas