FFIEC BSA Exam Manual Updates: How Do They Affect Your Anti-Money Laundering (AML) Program?
Abrigo
DECEMBER 10, 2021
This update clarifies that banking regulators and FinCEN understand that no specific customer type automatically falls into a higher risk category. The operations, activities, leadership, and affiliations of the customer play a factor in specific risks, particularly with foreign activity in and with areas of concern. Looking ahead.
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