Well I've transitioned to the trust industry and thought I had gotten past some of the regulatory ties of the banking world. Oh to my surprise to learn that independent trust companies are required to comply with BSA and AML as of March 15th this year.

Would anyone here be able to point me to any resources on BSA specifically related to Trust companies?

(I know I am keeping this question very broad, and we do have some basics of BSA, but I want to identify as many potential resources of information as possible)

Thanks!

The Federal Register publication of your new requirements is here: https://www.federalregister.gov/doc...-programs-anti-money-laundering-programs

The go-to tool for most BSA professionals is the FFIEC BSA/AML handbook, which can be found here: https://bsaaml.ffiec.gov/manual

Appreciate the links!

Casey:

Same here! I'd appreciate your sharing anything that you find helpful and I will do the same. Just found it funny that I'm reading BSA again.

Good move for me though.

Turtle

Maybe I'm mistaken but what differences would there be? I don't think the requirements for regulated financial institutions vary that much. Any differences from a trust to a bank would be based on the risk profile of the trust. You may not except cash so CTRs wouldn't be applicable but the requirement to file one is still there.