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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 …


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