Introductory BSA AML Examiner School Manual Palm Springs 2019

USA PATRIOT Act

Section 352

Development and implementation of an Anti-Money Laundering Compliance Program by all financial institutions that includes:

• The development of internal policies, procedures and controls; • The designation of an Anti-Money Laundering Compliance Officer • An ongoing employee training program; and • An independent audit function to test the program initially and on an ongoing basis • May 11, 2018 Beneficial Ownership

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Customer Due Diligence Rule

• May 11, 2016 Customer Due Diligence Requirements for Financial Institutions

• Compliance by May 11, 2018

• Not Retroactive

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