Bank Secrecy Act
Customer Due Diligence and Beneficial Ownership Examination Procedures
Summary
The Federal Financial Institutions Examination Council (FFIEC) is releasing the customer due diligence and beneficial ownership sections of the FFIEC Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual.
Statement of Applicability to Institutions under $1 Billion in Total Assets:
This Financial Institution Letter applies to all FDIC-supervised banks and savings associations, including community institutions.
Suggested Distribution:
FDIC-Supervised Banks (Commercial and Savings)
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