Under the finalized Customer Identification Examination Requirements, financial institutions are examined to make sure that they have developed and implemented the necessary procedures to stop money launderers. This guide provides sample anti-money laundering procedures for all areas in an institution that are exposed to such abuses. Each of these procedures can be modified to fit the needs of the institution.

Areas covered include:

• Retail banking
• Consumer real estate lending
• Commercial lending
• Electronic banking
• International department
• Bank insurance department
• Investment services
• Credit cards
• Deposit operations
• Loan servicing
• Trust department
• Bank subsidiaries

Within each area, you’ll find customizable sample procedures for each department’s everyday activities. These procedures can be implemented right away or used as the basis for the creation of procedures specific to your institution’s needs.

About Lorraine Hyde

Lorraine Hyde is a financial institution consultant who provides regulatory compliance advice to community banks, thrifts, and credit unions. She has over 20 years of general banking experience, 15 years of regulatory compliance consulting experience, and has worked in various capacities for a large regional bank, the FDIC, and a national accounting firm. Ms. Hyde is a contributing author to several Sheshunoff compliance tools. See all works by Ms. Hyde

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