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
In just over a year, @SaveToWinWA generates more than $1M of savings in 6 #creditunions http://t.co/rszMd0SZVv
4 hours ago
Even the pest guy is a cybersecurity risk: http://t.co/Tqq4qfOgcq
5 hours ago
.@SCTelco_FCU among best places to work in S.C. via @TheCCUL http://t.co/PJnjOArfm8
7 hours ago
#IceBucketChallenge in D.C. today: @HampelBill with help from some @CUNA staff http://t.co/3iOqE2KSjd
7 hours ago
P2P mobile payments draw millennials' interest via @BloombergNews http://t.co/uoO2anjCsV
9 hours ago