OCC examiners review compliance with BSA as part of every exam cycle using the core and expanded examination procedures contained in the FFIEC’s Bank Secrecy Act/Anti-Money Laundering.
Apr 1, 2013 · Under the Bank Secrecy Act (BSA), financial institutions are required to assist U.S. government agencies in detecting and preventing money laundering.
Establishing an effective BSA compliance and transaction monitoring program based on the bank's risk profile. This is a key step in reporting all suspicious and unusual activity that may indicate potential.
