BSA/AML Examiner Training Series 2

Internal Use Only

Exam Results • The designated person responsible for coordinating and monitoring day-to-day compliance is competent and has the necessary resources. • Personnel are sufficiently trained to adhere to legal, regulatory, and policy requirements. • Information and communication policies, procedures, and processes are adequate and accurate. • All relevant determinations should be documented and explained.

Internal Use Only

Exam Results

Management has not assessed, or has not accurately assessed, the bank’s BSA/AML risks.

Management is unaware of relevant issues.

Management is unwilling to create or enhance policies, procedures, and processes.

Management or employees disregard established policies, procedures, and processes.

Management or employees are unaware of or misunderstand regulatory requirements, policies, procedures, or processes.

Higher-risk operations (products, services, customers, entities, and geographic locations) have grown faster than the capabilities of the BSA/AML compliance program.

Changes in internal policies, procedures, and processes are poorly communicated.