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OCC Bulletin 2020-75
August 13, 2020
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Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the National Credit Union Administration (collectively, the agencies) today issued this joint statement to clarify how the agencies apply the enforcement provisions of the Bank Secrecy Act (BSA) and related anti-money laundering (AML) laws and regulations. The joint statement does not create new expectations or standards.
The principles contained in this statement apply to the OCC’s supervision of community banks.1
The joint statement addresses
Please contact Jim Vivenzio, Acting Director for BSA/AML Compliance Policy, at (202) 649-5470.
Grovetta N. Gardineer
Senior Deputy Comptroller of Bank Supervision Policy
1 "Banks" refers collectively to national banks, federal savings associations, and federal branches and agencies of foreign banking organizations.