The Federal Reserve and the other federal banking agencies have compliance program requirements for institutions they supervise.
In general, the rules require a bank to establish, maintain, and document a program that includes: •  a system of internal controls to ensure ongoing compliance with the BSA,  •  independent testing of the bank’s compliance with the BSA,  •  training of appropriate bank personnel, and  •  the designation of an individual responsible for coordinating and monitoring day-to-day compliance with the BSA.