TOPIC: OCC

CDD: One Year Later | Survey Request

It's officially been one year since the CDD rule went into affect. Have you had an exam since then? What aspects of CDD and beneficial ownership, if any, did the examiner focus on? 

We're doing a short survey on the impact CDD is having on recent exams and would appreciate if you could take a few minutes to fill it out. We're happy to share the results if you participate. 

Thank you! 

Survey: https://www.surveymonkey.com/r/QCJ33BN

    Basic Knowledge/Risks of Private Banking for BSA

    VP at a bank ($7.6BUSA)
    I am interested in learning more about private banking. I have read the exam manual and I know what I know from my CAMS course, but still would like some real world pitfalls. I have heard from others to avoid calling your program "the private bank" because often you are not really doing a true private banking relationship but the name itself draws scrutiny. 

    We are not talking about banking foreign individuals, but more or less just personalized service. I intended on having an increased level of CDD/KYC but other than that, can anyone share any stories or regulator criticisms you have had?

    Thank you, 

      OCC Reveals 4 Top Risks Facing the Banking Industry

      Twice per year, the Office of the Comptroller of the Currency (OCC) releases a wide-ranging report on the health of the US banking industry and potential risks. This spring's edition is another powerful installment in that series, with predictions on emerging risks, a potential recession, and overall bank profitability. Learn 4 important risks from the OCC’s Semiannual Risk Perspectives Report, plus a few more key takeaways: https://www.trupointpartners.com/blog/4-key-risks-facing-the-banking-industry-according-to-the-occ

        How the Government Shutdown is Affecting Regulatory Agencies

        Good afternoon, Bankers! Today's topic is the current government shutdown. This post originally appeared on the Ncontracts blog.

        How the Government Shutdown is Affecting Regulatory Agencies

        The partial government shutdown has furloughed workers at the national parks, the Smithsonian museums, the IRS, courts, and other federal institutions, but enforcement actions from federal banking agencies continue...

        READ THE FULL PDF: Download the attached PDF

          Blog: OCC Release Priority Objectives for Fiscal Year 2019

          October 1 kicked off a new fiscal year for the Office of the Comptroller of the Currency’s (OCC). With that, they released their annual supervisory strategy plans for the 2019 fiscal year. Our latest blog discusses what their main areas of focus will be and the role your AML compliance program will play.

          Read more.