Bank Secrecy Act BSAAnti-Money Laundering AML Manual Interagency Outreach

Dear Board of Directors:

NCUA and the other federal banking agencies are holding two nationwide teleconference calls related to the release of the revised FFIEC BSA/AML Examination Manual. The purpose of the teleconference is to educate your staff on the various changes made to the manual, as well as updates to the corresponding online FFIEC BSA/AML InfoBase. I want to encourage you to participate in this free industry outreach program.

Industry teleconference calls will take place on September 13, 11:00 am – 12:00 pm (EDT), and September 14, 11:00 am – 12:00 pm (EDT). The agenda for each day is identical and includes time for questions from industry participants. Enclosed is a fact sheet describing how to register on your date of choice; registration is open until September 6, 2006. If possible, please have staff participate collectively on one call to help reduce the total number of lines needed.

If you have any questions or concerns, please contact your NCUA Regional Office or State Supervisory Authority.