Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (07/18/2012)
  • WASHINGTON (7/19/12)--Comptroller of the Currency (OCC)  Thomas Curry Tuesday said his agency will be more aggressive in implementing anti-money laundering (AML) controls. Testifying before a Senate Permanent Subcommittee on Investigations that examined years of lax anti-money-laundering controls at HSBC Holdings PLC's U.S. offices, Curry said the OCC did not act fast enough in addressing HSBC's security issues. "With the benefit of hindsight, the OCC could have, and should have taken this action sooner," Curry said. He said the agency has made adjustments to account for Bank Secrecy Act (BSA) and AML deficiencies and react sooner. The agency also will review other areas such as training, staffing, recruitment, policies and interagency coordination and  to make improvements in its BSA/AML supervision program …


RSS print
News Now LiveWire
.@CFPB today finalized changes 2 remittance rule, proposed in April. See rule here: http://t.co/tPs6Mlimni
17 hours ago
State OKs Floridacentral #creditunion's bank branch purchase #NewsNow http://t.co/37uXorWsmV
19 hours ago
Today is deadline to order your T-shirt for #MiracleJeansDay @CU4Kids @CMNHospitals http://t.co/UXIqW3cFN6
20 hours ago
#Creditunion #100MM on display with @NWCUA's Minickiello, Wash. Rep. Sharon Tomiko Santos at @NCSLorg @CUNAadvocacy http://t.co/xVwnS39uEM
20 hours ago
Fraudsters hit @jpmorgan with smash and grab #phishing campaign http://t.co/VEkAvctYLJ
21 hours ago