Examination Guidelines

OFAC has worked diligently with the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, and the National Credit Union Administration over the past year to assist them in developing procedures for their auditors to use when examining for OFAC compliance. Those risk-based criteria are now complete and are being published today as part of the latest edition of the Federal Financial Institutions Examination Council's Bank Secrecy Act/Anti-Money Laundering Examination Manual. PDF icon OFAC is also making available on its website risk matrices for banks to consider as they review their OFAC procedures.