--- title: What is FFIEC source_page: https://www.sardine.ai/learn/ffiec canonical: https://www.sardine.ai/learn/ffiec format: text/markdown description: Examiners walk in with the BSA/AML Examination Manual reference. See which testing criteria the interagency body publishes so you prepare the right controls. --- **Quick links:** [Human page](https://www.sardine.ai/learn/ffiec) · [Home](https://www.sardine.ai) · [Customers](https://www.sardine.ai/customers) · [Blog](https://www.sardine.ai/blog) · [Demo](https://www.sardine.ai/demo) --- # What is FFIEC **Read time:** 4 Examiners walk in with the BSA/AML Examination Manual reference. See which testing criteria the interagency body publishes so you prepare the right controls. The FFIEC is the Federal Financial Institutions Examination Council, the interagency US body that sets uniform principles for examining financial institutions. It is most famous for the BSA/AML Examination Manual, which aligns how the federal banking agencies actually conduct AML exams. What is the FFIEC? The FFIEC is the reason a bank supervised by the OCC, a bank supervised by the Fed, and a bank supervised by the FDIC all get examined to roughly the same AML standard. It is an interagency body, the Federal Financial Institutions Examination Council, that sets uniform principles and standards for examining financial institutions so the different federal regulators do not each invent their own approach. Its most influential output is the BSA/AML Examination Manual, the reference examiners use on the ground when they assess an institution's anti-money-laundering program. Because all the federal banking agencies draw on it, a bank is effectively tested against a common playbook regardless of which regulator runs the exam. The key thing to understand is what the FFIEC is not. It is not a regulator you report to or file anything with. It is a standard-setter, the shared source behind the exam you will eventually face from your actual supervisor. Standard-setter versus your regulator Who is involved? What it looks like in practice A compliance team wants to know whether its program will hold up at the next exam, but the exam is months away and could be run by their primary regulator's staff. Rather than guess, they open the FFIEC BSA/AML manual and use its testing procedures as a self-assessment checklist. They work section by section through risk assessment, customer due diligence, monitoring, and reporting, fixing the gaps they find. Because their examiner will test against the same manual, this dry run closely mirrors the real exam. The FFIEC standard becomes a tool they use before anyone shows up. Why it matters to operators The FFIEC standards are, in practice, the rulebook examiners apply on the ground. Its manual tells you what they will test in monitoring, customer due diligence, and reporting, which makes it one of the most useful documents a US compliance team can keep close. You can use it to self-check and fix gaps before an exam ever begins. It also clears up a common confusion. The FFIEC is not a single regulator you answer to; it is the shared standard-setter behind the exam. Your relationship at exam time is with your primary regulator, but the substance they test comes from the FFIEC. Knowing that distinction helps you aim your preparation at the right target. Operator notes Standard-setter, not supervisor. You do not file with the FFIEC; you prepare against its manual for your regulator's exam. The manual is the playbook. The BSA/AML Examination Manual is what examiners actually use, so treat it as your reference. Use it as a self-check. Map your controls to its procedures to find gaps before an exam does. Common across agencies. Because member agencies share it, the AML standard is consistent regardless of your supervisor. It is updated. The manual is revised periodically; work from the current version, not an old copy. Quick questions ### Is the FFIEC a regulator I report to? No. It is an interagency standard-setter, not a supervisor. You report to and are examined by your primary regulator, which applies the FFIEC's shared standards. ### What is the FFIEC best known for? The BSA/AML Examination Manual, the reference examiners use to assess anti-money-laundering programs. It aligns how the federal banking agencies conduct AML exams. ### Why does the FFIEC exist? To create uniform examination principles so the different federal banking regulators test institutions to a common standard rather than each using its own inconsistent approach. ### How should operators use the FFIEC manual? As a self-assessment tool. Map your program controls to its procedures to anticipate what an exam will focus on and fix gaps before examiners arrive. ### Do all US banks get examined to FFIEC standards? The federal banking agencies that are FFIEC members apply the shared standards, so banks they supervise are tested to a common AML standard regardless of which agency runs the exam. ### Is the FFIEC manual law? No. It reflects supervisory expectations and examination procedures rather than being a statute itself. The underlying legal requirements come from the BSA and related rules. Go deeper FATF ↗ — The global standard-setter for AML, counter-terrorist-financing, and counter-proliferation. Recommendations, guidance, and jurisdiction lists. FinCEN ↗ — The US financial intelligence unit. Bank Secrecy Act rules, advisories, and SAR and CTR guidance.