‘InfoBase’ website for AML/BSA compliance redesigned with information sharing as goal

A redesigned “InfoBase” website focusing on anti-money laundering and Bank Secrecy Act (AML/BSA) compliance was introduced Thursday by the umbrella group for federal financial institution regulators, with a focus on sharing examination procedure information.

The Federal Financial Institutions Examination Council (FFIEC) – which includes all of the federal financial institution regulators – said the new site (https://bsaaml.ffiec.gov) would share bank exam information with examiners, financial institutions, the public, and other stakeholders.

“The FFIEC BSA/AML InfoBase was redesigned to improve the overall experience for users,” the council said in a release. “The redesign improves site navigation, enhances search capabilities, provides mobile-friendly capability, and contains new functionality that allows users to download various sections of the FFIEC BSA/AML Examination Manual.”

According to the website, concept for InfoBase was developed by the group’s Task Forces on Examiner Education and Supervision to provide field examiners at the regulatory agencies with an electronic source for training and distributing needed examination information.

“Financial institutions will also benefit from this training and examination information,” the website states. It adds that the long-term goal of the InfoBase is to “provide just-in-time training for new regulations and for other topics of specific concern to examiners within the FFIEC’s member agencies.”

Major changes or additions to the FFIEC Web site for 2018: (most recent first)

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