Federal Financial Institutions Examination Council creator text U.S.A Federal Financial Instituitions Examination Council 2007 monographic 405p. This is a Federal Financial Institutions Examination Council (FFIEC) Bank Secrecy Act (BSA) /Anti-Money Laundering (AML) Examination Manual provides guidance to examiners for carrying out BSA/AML and Office of Foreign Assets Control (OFAC) examinations. An effective BSA/AML compliance program requires sound risk management; therefore, the manual also provides guidance on identifying and controlling risks associated with money laundering and terrorist financing. The manual contains an overview of BSA/AML compliance program requirements, BSA/AML risks and risk management expectations, industry sound practices, and examination procedures. The development of this manual was a collaborative effort of the federal banking agencies and the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, to ensure consistency in the application of the BSA/AML compliance program requirements. Money laundering Banking secrecy iffoadatabase.trustafrica.org/iff/bank_secrecy_act__anti-money_laundering_examination_manual.pdf iffoadatabase.trustafrica.org/iff/bank_secrecy_act__anti-money_laundering_examination_manual.pdf