Canarie AI

Exam Preparation

BSA/AML Exam Preparation for Community Banks

Bank Secrecy Act and Anti-Money Laundering examinations are among the most scrutinized regulatory reviews. Canarie transforms BSA/AML exam preparation from a multi-week scramble into a continuous process. Evidence of your AML program effectiveness is captured automatically as compliance work is completed, creating an examiner-ready package. Specifically tailored for the unique examination requirements facing community banks.

More for Community Banks

Community Banks Exam Preparation Challenges

Lean compliance teams wearing multiple hats
Same regulatory scrutiny as larger banks
Limited budget for compliance technology
Managing multiple examiner relationships
Keeping up with regulatory changes

Examining Agencies

FinCENFDICOCCFederal ReserveNCUA

Exam Frequency

Annual or as part of safety and soundness examination

Preparation Steps for Community Banks

1
Review and update BSA/AML risk assessment
2
Verify customer due diligence documentation
3
Compile SAR filing evidence and analysis
4
Document CTR filing accuracy and timeliness
5
Gather training completion records
6
Prepare independent testing results
7
Document board and senior management oversight

Evidence Examiners Expect

BSA/AML risk assessment documentation
Customer identification program records
Suspicious activity report filings and analysis
Currency transaction report accuracy metrics
Training completion certificates
Independent audit findings and remediation
Board minutes showing BSA oversight

Related Compliance Areas for Community Banks

Safety and soundnessBSA/AMLConsumer complianceFair lendingCRA

Frequently Asked Questions

Transform BSA/AML Exam Preparation for Your Community Bank

See how community banks prepare for examinations in days, not weeks.