NCUA: Letter to Credit Unions No. 03-CU-16: Bank Secrecy Compliance (November 2003)

The purpose of this letter is to provide credit unions updated guidance for compliance with the provisions of the Bank Secrecy Act (BSA) including amendments stemming from the USA PATRIOT Act (Patriot Act). All credit unions must comply with the BSA.

• Bank Secrecy Act Overview & Operational Requirements – Enclosure 1
• Bank Secrecy Act Review Considerations – Enclosure 2
• Bank Secrecy Act Checklist – Enclosure 3
• Bank Secrecy Act Definitions – Enclosure 4
• AIRES Bank Secrecy Act Compliance Checklist – Enclosure 5 (Excel file)