Anti-Money Laundering Policy – Bank Version
The purpose of this Anti-Money Laundering Policy Template – Bank Version is to address policies, procedures and processes of a bank to ensure proper adherence to the provisions and intent of the USA Patriot Act regarding the requirement to implement reasonable procedures to deter money laundering activities and actively search for suspicious activity.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Structure of Accountability – Topic 3
- Risk Management – Topic 4
- Money Laundering and Terrorist Red Flags – Topic 5
- Detection and Monitoring Procedures – Topic 6
- High-Risk Entities and Monitoring – Topic 7
- Information Sharing – Topic 8
- Foreign and High-Risk Foreign Accounts – Topic 9
- Enhanced Due Diligence for Certain Foreign Banks – Topic 10
- Rules for Special Accounts, Persons and Other Entities – Topic 11
- Penalties – Topic 12
- Audit Policy – Topic 13
- Staff Training – Topic 14
- Retention of Documentation – Topic 15
Recent updates to this product:
FinCEN – Statement on Bank Secrecy Act Due Diligence for Independent ATM Owners or Operators
FFIEC Press Release – Federal and State Regulators Release Updates to BSA/AML Examination Manual
NOTE: This product is designed to provide the basic elements of anti-money laundering (AML) and DOES NOT include detailed customer identification (CIP), OFAC, and other related Bank Secrecy Act (BSA) guidance. Please refer to the Bank Secrecy Act Policy Template – Comprehensive Version which incorporates these and other key elements of BSA/AML regulatory guidance.
This Anti-Money Laundering Policy Template – Bank Version (approximately 98 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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