Multifamily BSA-AML Lender Guidance April 2025

This guide provides comprehensive lender guidance on Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) requirements for Multifamily Lenders associated with Fannie Mae. It outlines the responsibilities of lenders in supporting Fannie Mae’s AML program, including the necessity for due diligence and monitoring activities to detect potential mortgage fraud or money laundering. The document emphasizes the importance of maintaining robust internal controls and processes to identify and escalate suspicious activity throughout the Mortgage Loan lifecycle. It details specific red flags indicative of potential fraud and suspicious activity, including issues related to appraisals, financial statements, and property conditions. The guide also stresses the need for comprehensive staff training and regular audits to enhance detection capabilities. Lenders are reminded of the critical role they play in safeguarding against financial crimes and ensuring compliance with regulatory standards, thereby contributing to the integrity of the financial system.