These initiatives are meant to respond to or anticipate questions that arise regarding anti-money laundering requirements. The Federal Reserve is keenly aware of the resources that anti-money laundering and counter-terrorist financing requirements demand of financial institutions and believes that it is our duty to assist them in meeting their obligations.
4  BIS Review 35/2004  Federal Reserve resource commitment The Federal Reserve’s BSA/AML function ranges from supervising and regularly examining banking organizations subject to Federal Reserve supervision for compliance with the BSA and relevant regulations, to requiring corrective action for detected weaknesses in BSA/AML programs, to enhancing money laundering investigations by providing expertise to the U.S. law enforcement community, and to providing training to U.S. law enforcement authorities and various foreign central banks and government agencies.