News & Insights

Help
35 News Results
Commentary by Steven Lofchie

The Office of the Comptroller of the Currency imposed a civil monetary penalty against a bank for failing to establish safe and sound practices with respect to its anti-money laundering operational framework and its "heightened standards" obligations.

The OCC adopted a final rule amending its regulations that require suspicious activity reports to clarify the agency's limited authority to issue exemptions to national banks and federal savings associations.