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Date/Time
Date(s) - 10/14/2020
12:00 pm - 1:00 pm

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Interpreting FFIEC BSA/AML Manual Updates
Presented by: Joseph Galdo, CPA, CFE, CAMS, Manager

Presented by: Christine Richardson, CAMS, Supervisor

Description: The Federal Financial Institutions Examination Council (FFIEC) released an updated version to certain portions of its Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual on April 15, 2020. 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 on expectations for regulatory compliance, as well as how institutions are evaluated during the examination process.

Learning objectives:

  • Purpose & history of the FFIEC BSA/AML Manual
  • Understand how to utilize key takeaways
  • Review & comprehend the specific updates made to the manual
  • Assess the impact these changes will have on examinations
  • Make necessary program adjustments for temporary changes in customer behavior due to pandemic