Answer:
If you are looking for the definition of "best practices", this might help:
"A method or technique that has consistently shown results superior to those achieved with other means, and that is used as a benchmark."
However, if you want specifics for "best practices" for any part of BSA/AML for which your employee will be responsible, look first to the FFIEC exam procedures. Then head over to the BOL Bankers' Threads BSA/AML section for "real-life" suggestions from other bankers.
First published on BankersOnline.com 10/1/12
print
share