Financial Crime World

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Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) Regulations

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Interagency Guidance

The Federal Financial Institutions Examination Council (FFIEC) has issued joint statements and advisories that provide clarity on BSA/AML requirements.

Other Resources

Supplemental Information

  • Safe-and-sound banking operations

Financial Crimes Enforcement Network (FinCEN)

  • FinCEN’s role in combating money laundering
  • FinCEN’s website for Money Services Businesses (MSBs)
  • Electronic BSA Forms
  • Helpline number: [insert number]

Office of Foreign Assets Control (OFAC)

  • OFAC’s role in administering and enforcing economic and trade sanctions based on U.S. foreign policy and national security goals

National Strategies and Risk Assessments

The following resources provide information on national strategies and risk assessments related to BSA/AML:

2022 National Strategy for Combating Terrorist and Other Illicit Financing

  • Outlines efforts to combat illicit finance threats and risks identified in three national risk assessments

Three National Risk Assessments

  • Money laundering
  • Terrorist financing
  • Proliferation financing

Reporting Terrorist Activity

Information on voluntarily reporting suspicious transactions related to terrorist activity using FinCEN’s Financial Institutions Hotline.

International Organizations and Websites

The following organizations and websites provide information on BSA/AML regulations and international efforts against money laundering:

  • International Narcotics Control Strategy Report
  • Financial Action Task Force (FATF)
  • Basel Committee on Banking Supervision (BCBS)’s AML/CFT Expert Group
  • Wolfsberg Group

Videos/Webcasts/Teleconferences

The following video and webcast resources provide information on BSA/AML regulations:

  • FDIC Technical Assistance Video for directors: Overview of BSA/AML and OFAC requirements

This comprehensive resource is aimed at providing bankers with necessary information to comply with BSA/AML regulations, understand international efforts against money laundering, and engage in risk assessments.