BSA-AML Examiner School eBook

Internal Use Only

Presentation

Internal Use Only

August 2023 Updates

1. Special Information Sharing Procedures to Deter Money Laundering and Terrorist Activity (Updated and Retitled) 2. Due Diligence Programs for Correspondent Accounts for Foreign Financial Institutions (Updated and Combined) 3. Due Diligence Programs for Private BankingAccounts (Updated and Combined) 4. Prohibition on Correspondent Accounts for Foreign Shell Banks. Records Concerning Owners of Foreign Banks and Agents for Service of Legal Process (New) 5. Summon or Subpoena of Foreign Bank Records; Termination of Correspondent Relationship; Records Concerning Owners of Foreign Banks and Agents of the Legal Process (New) 6. Reporting Obligations on Foreign Bank Relationships with Iranian-Linked Financial Institutions (New)