Issued: November 15, 2007
Subject: Whether a Business that Cashes Checks Payable to Customers to Apply Proceeds to the Repayment of Customersâ€™ Obligations is a Money Services Business
Dear [ ]:
This letter responds to your request for an administrative ruling, dated June 16, 2007,...
John Hardage Named Director for Congressional Liaison
WASHINGTON â€” The Office of the Comptroller of the Currency announced today that John K. Hardage has been named Director for Congressional Liaison. Mr. Hardage, who joined the OCC in 1997, had been Deputy Director for Congressional Liaison....
Financial Institution Letters
Bank Secrecy Act
Spanish Translation of the 2007 Bank Secrecy Act/Anti-Money Laundering Examination Manual FIL-117-2007
December 28, 2007
Summary: The FDIC has had the Federal Financial Institutions Examination Council (FFIEC) Bank Secrecy Act/Anti-Money Laundering (BSA/AML)...
The Federal Deposit Insurance Corporation (FDIC) today issued a proposed rule to improve the process for determining uninsured depositors at larger institutions in the event of a failure. The measure will enhance the FDIC's ability to make funds promptly available to insured deposit customers in the unlikely event...
The Federal Deposit Insurance Corporation (FDIC) has announced a series of steps intended to provide regulatory relief to financial institutions and to facilitate recovery in areas of Oregon and Washington state affected by severe flooding.
John G. Walsh, Chief of Staff for the Office of the Comptroller of the Currency, told a House Financial Services subcommittee today that the OCC strongly supports efforts to make it easier for bank customers to register questions and concerns with the right financial regulator.
The Federal Financial Institutions Examination Council (FFIEC) issued guidance today for use by financial institutions in identifying the continuity planning that should be in place to minimize the potential adverse effects of a pandemic.
The federal bank and thrift regulatory agencies have jointly issued the attached final rule concerning the domestic application of selected elements of the Basel II capital framework. The final rule requires some banks, and permits other banks, to use an internal ratings-based approach to calculate regulatory capital...
The FDIC has updated its risk-focused Information Technology (IT) examination procedures for FDIC-supervised financial institutions. As part of the revision, the IT Officer's Questionnaire was enhanced to provide greater coverage of vendor management and outsourcing topics, credit card and ACH (automated clearing...
The Financial Crimes Enforcement Network is issuing this interpretive guidance to clarify whether a non-bank owner and operator of an automated teller machine (ATM) would be a money services business (MSB) as that term is defined under the Bank Secrecy Act and its implementing regulations.