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AML Compliance Package - Implementing BSA/AML policies and procedures

AML Compliance Package - Implementing BSA/AML policies and procedures

AML Compliance requires 4 things - 1.) AML Officer (that's you), 2.) Compliance Plan (your 1-70 BSA AML Plan) 3.) Annual Training, and 4.) Independent Review

Written by Thomas Morgan
Updated on March 6, 2024

You may get the request from an examiner, a lender, auditor or agency; we need to see your AML plan. That plan is simply a policy and procedure. You have to implement the policy so that it is an actual policy AND procedure. Here's how to implement it:

Tags: State License Approval North Carolina Pennsylvania License Exam State Audit AML BSA Audit Prep

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