WASHINGTON — The Federal Financial Institutions ExaminationCouncil released an updated version of the Bank SecrecyAct/Anti-Money Laundering (BSA/AML) Examination Manual today.

The revised manual aims to provide current and consistentguidance on risk-based policies, procedures, and processes forbanking organizations to comply with the BSA and safeguardoperations from money laundering and terrorist financing. Thechanges came from staff and industry feedback to what has become anannual updating of the manual.

The sections with more significant changes are noted in thetable of contents, including customer due diligence and suspiciousactivity reporting among others, and an index was added to thisversion.

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