About This Course:
The Federal Financial Institutions Examination Council (FFIEC) has released updates to certain portions of its Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual in recent years.
The BSA/AML manual outlines the guidelines bank examiners follow when assessing the adequacy of a bank's BSA/AML compliance program. However, it can also serve as a tool for financial institutions to provide insight into expectations for regulatory compliance and how institutions are evaluated during the examination process.
What You'll Learn:Updates to FFIEC's BSA/AML Manual 2020- Points of Emphasis
- Impact of Updates
Updates to FFIEC's BSA/AML Manual 2021- Sections of Manual Affected?
- Impact of Updates
Anti-Money Laundering Act of 2020 (AMLA)- Introduction
- Key Provisions
- Purpose
- National AML Priorities
- Corporate Transparency Act
- Beneficial Ownership