Bank Secrecy Act (BSA) Compliance Tools

Fulfill Your BSA/AML Regulation Requirements

OCC

PART 21—MINIMUM SECURITY DEVICES AND PROCEDURES, REPORTS OF SUSPICIOUS ACTIVITIES, AND BANK SECRECY ACT COMPLIANCE PROGRAM (BSA)

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—GENERAL PROVISIONS

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—RULE FOR BANKS

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

• Annual Exemption Review Checklist
• BSA Exemption Review Form
• BSA Sample Outgoing Funds Transfer for Established Customers as Originators
• Compliance, Audit, & IT Board Reporting Checklist
• Non-Profit Corporate Accounts Cheat Sheet
• Property Management Agreement Accounts Cheat Sheet
• Affidavit of Identity
• Customer Monetary Instrument Log
• Benefit & Memorial Fund Accounts Cheat Sheets
• BSA Identification Procedures

Associated Regulators

• Federal Deposit Insurance Corporation
• Office of the Comptroller of the Currency
• Federal Reserve

Regulatory Guidance

OCC

• Bulletins

FDIC

• BSA Program Overview

FinCEN

• Important Information for Depository Institutions

• BSA/AML Examination Procedures 

• BSA/AML Examination Manual

• Frequently Asked Questions Regarding the FinCEN Currency Transaction Report (CTR)

• Frequently Asked Questions Regarding the FinCEN Suspicious Activity Report (SAR)

• Frequently Asked Questions Regarding the CIP Rule

• Frequently Asked Questions Regarding Customer Due Diligence Requirements for Financial Institutions - July 19, 2016

• Frequently Asked Questions Regarding Customer Due Diligence Requirements for Financial Institutions - April 3, 2018

FRB

• Policy letters and Manual References