What's New
This section is where all changes made to the InfoBase are listed. Each change entry includes the effective date and a brief description.
Below are the most recent updates to the InfoBase. For a complete listing of all changes, click here: Change History Log
December 1, 2021
New Section: Introduction - Customers
Revised Sections: Independent Automated Teller Machine Owners or Operators, Politically Exposed Persons, and Charities and Nonprofit Organizations
The FFIEC members have revised content in the Independent Automated Teller Machine Owners or Operators, Politically Exposed Persons, Charities and Nonprofit Organizations and added a new Introduction - Customers. The agencies made revisions to ensure language clearly distinguishes between mandatory regulatory requirements and considerations set forth in guidance or supervisory expectations. Further, the revisions incorporate regulatory and other changes since the last update of the Manual in 2014. These updated sections provide further transparency into the BSA/AML examination process and do not establish new requirements. The FFIEC revised the sections in close collaboration with Treasury’s Financial Crimes Enforcement Network.
June 21, 2021
Revised Sections: Purchase and Sale of Certain Monetary Instruments Recordkeeping, Special Measures, Reports of Foreign Financial Accounts, and International Transportation of Currency or Monetary Instruments Reporting
The FFIEC members have revised content in the Purchase and Sale of Certain Monetary Instruments Recordkeeping, Special Measures, Reports of Foreign Financial Accounts, and International Transportation of Currency or Monetary Instruments Reporting sections. The agencies made revisions to ensure language clearly distinguishes between mandatory regulatory requirements and considerations set forth in guidance or supervisory expectations. Further, the revisions incorporate regulatory and other changes since the last update of the Manual in 2014. These updated sections provide further transparency into the BSA/AML examination process and do not establish new requirements. The FFIEC revised the sections in close collaboration with Treasury’s Financial Crimes Enforcement Network.
February 25, 2021
New Section: Assessing Compliance with BSA Regulatory Requirements
Revised Sections: Customer Identification Program, Currency Transaction Reporting, Transactions of Exempt Persons
The FFIEC members have added a new introductory section and revised content in the Customer Identification Program, Currency Transaction Reporting, and Transactions of Exempt Persons. The Manual provides instructions to examiners for assessing the adequacy of a bank’s BSA/AML compliance program and its compliance with BSA regulatory requirements. The Manual itself does not establish requirements for banks; such requirements are found in statutes and regulations. The updates should not be interpreted as new instructions or as a new or increased focus on certain areas; instead, they offer further transparency into the examination process and support risk-focused examination work. The FFIEC revised the sections in close collaboration with Treasury’s Financial Crimes Enforcement Network.