Money Laundering


MONEY LAUNDERING
The revised Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual is available at the Federal Financial Institutions Examination Council home page. The latest version updates guidance on risk-based policies, procedures and processes for banking organizations to comply with the BSA and safeguard operations from money laundering and terrorist financing.

The Federal Reserve Board, FDIC, National Credit Union Administration, Office of the Comptroller of the Currency, Office of Thrift Supervision, and the CSBS worked on the revisions with the Financial Crimes Enforcement Network, the federal agency responsible for administering the BSA.

The manual can be downloaded at www.ffiec.gov/bsa_aml_infobase/default.htm.

SPONSORED REPORT

Why cybercriminals are targeting CPAs

This free report expands on the most commonly found scams, why education and specialized IT knowledge help to lessen security vulnerabilities, and why every firm should plan carefully for how it would respond to a breach.

PODCAST

How tax reform — and Excel — are changing the CPA Exam

Mike Decker, the vice president of examinations at the AICPA, discusses changes being made to the exam as a result of tax reform — and about how Excel will now be available for use on the test.