OFFICE OF THE COMPTROLLER OF THE CURRENCY ISSUES PROPOSED RULE: ANTI-MONEY LAUNDERING AND COUNTERING THE FINANCING OF TERRORISM PROGRAMS

WASHINGTON, April 10 -- Office of the Comptroller of the Currency has issued a proposed rule called: Anti-Money Laundering and Countering the Financing of Terrorism Programs.

The proposed rule was published in the Federal Register on April 10 by Jonathan V. Gould, Comptroller of the Currency.

Summary: The Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA) (collectively, "the Agencies" or "Agency" when referencing the singular) are inviting comment on a proposed rule that would require banks to establish and maintain effective anti-money laundering and countering the financing of terrorism (AML/CFT) programs reasonably designed to identify, asse...