OCC BULLETIN 2018-44
Subject: Bank Secrecy Act/Anti-Money Laundering
Date: December 3, 2018
To: Chief Executive Officers, BSA Officers, and Compliance Officers of National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties
Description: Joint Statement on Innovative Efforts to Combat Money Laundering and Terrorist Financing
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Financial Crimes Enforcement Network (collectively, the agencies) issued today a joint interagency statement to encourage banks to consider innovative approaches in meeting their Bank Secrecy Act/anti-money laundering (BSA/AML) compliance obligations, in order to improve the efficiency and effectiveness of their BSA/AML programs while continuing to protect the national financial system.
In the statement, the agencies
Please contact Spencer W. Doak, Director for BSA/AML Compliance Policy, at (202) 649-5470.
Grovetta N. Gardineer