BSA-AML Examiner School Case Study eBook

Internal Use Only

BSA/AML Policy and Program

Table of Contents 1. INTRODUCTION................................................................................................................................. 3 2. POLICY OBJECTIVES..................................................................................................................... 3 3. SCOPE ..................................................................................................................................................... 4 4. KEY TERMS............................................................................................................................................ 4 5. GOVERNANCE, ROLES, AND RESPONSIBILITIES...................................................... 6 6. THE POLICY ....................................................................................................................................... 10 A. DESIGNATION OF A BSA/AML OFFICER.................................................................. 11 B. INTERNAL CONTROLS .......................................................................................................... 11 C. MECHANISMS DESIGNED TO MONITOR ONGOING COMPLIANCE .... 26 7. MONITORING AND REPORTING......................................................................................... 29 8. COMMUNICATIONS AND TRAINING 29 9. POLICY EXCEPTIONS................................................................................................................... 29 10. REVIEW AND APPROVAL 30 11. RELATED INFORMATION .......................................................................................................... 30 A. RELATED POLICIES, PROCEDURES, AND OTHER RESOURCES ................... 30 B. RELATED LAWS, REGULATIONS, AND REGULATORY GUIDANCE .............. 30 12. CHANGE HISTORY........................................................................................................................ 31

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