I thought I saw the new CIP exam procedures somewhere. I've done a search and can't find anything, so it may be a case of me losing my mind.

Thanks

Here's the FDIC's. The OCC and Fed have only supplemented their prior procedures, not updated them entirely.

I was at a recent conference in which an OCC representative indicated that a more detailed set of interagency CIP exam procedures will be "forthcoming". (I'm not going to guess how long "forthcoming" means in regulator-speak)

Quote:

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interagency CIP exam procedures

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You mean they are going to act like they are all enforcing the same law and have the same procedures! Kewl idea!

I recently conducted our first BSA internal audit with the new CIP procedures. I used the FDIC's exam procedures that included a review of a bank's CIP Program, has something changed?

Through discussions on these boards I have been surprised to hear that the examiners are not conducting detailed reviews of documentation to ensure a bank's compliance with the requirements. It seems to merely be a cursory review to make sure that when asked, employees respond properly to questioning. This seems awfully lax for a new regulation.

Mackenzie: I think the detailed reviews will happen after the detailed exam procedures come out.