FDIC: Bank Secrecy Act - Agencies Address Model Risk Management for Bank Models and Systems Supporting Bank Secrecy Act/Anti-Money Laundering and Office of Foreign Assets Control Compliance
April 10, 2021
April 10, 2021
WASHINGTON, April 10 -- The Federal Deposit Insurance Corporation issued the following financial institution letter (No. FIL-27-2021):
The Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency, in consultation with the Financial Crimes Enforcement Network and the National Credit Union Administration (collectively, the agencies), issued a joint statement to address industry questions regarding ho . . .
The Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency, in consultation with the Financial Crimes Enforcement Network and the National Credit Union Administration (collectively, the agencies), issued a joint statement to address industry questions regarding ho . . .