Part 21 - Minimum Security Devices and Procedures, SAR and BSA Compliance Program
Fulfill Your OCC Requirements
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.
Related Tools
- Branch Audit Checklist
- BSA AML Worksheet: Tracking List for Customers with Elevated Risk Designations
- MRB Process Checklist
- Summary of the Proposed Rule – Lowering the Recordkeeping and Travel Rules Thresholds and Revising Definition of “Money”
- Model Risk Management Policy
- FinCEN Notice of Efforts Relating to Trade in Antiquities and Art Summary
- Banking Hemp Businesses Policy
- Summary of Application of FinCEN’s Regulations to Persons Administering, Exchanging, or Using Virtual Currencies
- Customer Identification Program Identity Verification Cheat Sheet
- Financial Crimes Enforcement Network; Customer Identification Programs, Anti-Money Laundering Programs and Beneficial Ownership Requirements for Banks Lacking a Federal Functional Regulator Final Rule
Associated Regulators
Regulatory Guidance
- General Guidance Letters for Banks
- Core and Expanded Procedures – Exam procedures for each prudential regulator
- 2014 Interagency 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
- Bulletins
- BSA Program Overview
- Policy letters and Manual References