For large, complex banking organizations, the safety and soundness examination process is continuous, and anti-money laundering and BSA compliance is incorporated into examinations conducted throughout the year. The Federal Reserve always includes BSA/AML examinations in the supervisory strategy for every banking organization we supervise. A key component of anti-money laundering examinations is the institution’s compliance with the BSA compliance program requirement.
The Federal Reserve and the other federal banking agencies have compliance program requirements for institutions they supervise.