Introductory BSA/AML Examiner School, Atlanta, CA
MSB BSA Requirements
Bank Secrecy Act Compliance – there is no activity threshold for money transmitters.
BSA Requirements: • Develop an AML Program • Program must be in writing and risk based.
AML Program
At minimum, it should: • Incorporate Policies, Procedures and Internal Controls. • Designate an individual responsible for compliance. • Provide education and/or training to appropriate personnel. • Provide for an independent review to monitor and maintain an adequate program.
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