Bank Secrecy Act (BSA) Compliance Tools
Fulfill Your BSA/AML Regulation Requirements
OCC
Part 21 applies to national banks. The regulation requires each bank to implement minimum security procedures to discourage bank burglaries and robberies. In addition, this part requires banks to implement a program to comply with the Bank Secrecy Act (BSA) as promulgated by the regulation issued by the Department of Treasury at 31 CFR Chapter X as part of the bank’s Anti-Money Laundering (AML) program.
FDIC
PART 326—MINIMUM SECURITY DEVICES AND PROCEDURES AND BANK SECRECY ACT COMPLIANCE
Part 326 applies to insured state banks that are not members of the Federal Reserve System. The regulation requires each bank to implement minimum security procedures to discourage bank burglaries and robberies. In addition, this part requires banks to implement a program to comply with the Bank Secrecy Act (BSA) as promulgated by the regulation issued by the Department of Treasury at 31 CFR Chapter X as part of the bank’s Anti-Money Laundering (AML) program.
Financial Crimes Enforcement Network, Department of Treasury (FinCEN)
Promulgates regulations enforcing the Bank Secrecy Act (BSA) and anti-money laundering (AML) requirements for financial institutions.
Part 1010 outlines the general requirements for anti-money laundering programs, reports of currency transactions, and standard due diligence for preventing money laundering.
Part 1020 sets forth the BSA and AML requirements for banks. This part requires each bank to establish an Anti-Money Laundering and Customer Identification Program. This part also requires filing Currency Transaction Reports (CTR) and Suspicious Activity Reports (SAR).
Related Tools
- BSA Identity Verification Flowchart
- BSA SAR Form and Narrative Cheat Sheet
- CTR Reporting Optional Exemptions Summary
- Limited Liability Partnership Cheat Sheet
- Individual - CIP Address Discrepancy Verification Worksheet
- BSA Money Service Business Assessment Form
- BSA Training
- Customer Identification Program (CIP) Matrix
- Limited Partnership Cheat Sheet
- Prepaid Card Policy
Associated Regulators
Regulatory Guidance
OCC
FDIC
FinCEN
Frequently Asked Questions Regarding the FinCEN Currency Transaction Report (CTR)
Frequently Asked Questions Regarding the FinCEN Suspicious Activity Report (SAR)