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OCC Bulletin 2011-8 | March 3, 2011

Bank Secrecy Act/Anti-Money Laundering: Interagency Statement on Reorganization of Bank Secrecy Act Regulations


Chief Executive Officers and Compliance Officers at All National Banks, Department and Division Heads, and All Examining Personnel

The guidance attached to this bulletin continues to apply to federal savings associations.

The Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, National Credit Union Administration, Office of Thrift Supervision, and the Federal Financial Institutions Examination Council’s State Liaison Committee issued an interagency statement on the Financial Crimes Enforcement Network’s (FinCEN) final rule reorganizing FinCEN’s Bank Secrecy Act (BSA) regulations.

The interagency statement provides information on the transfer and reorganization of FinCEN’s BSA regulations from 31 CFR 103 to "Title 31 Chapter X – Financial Crimes Enforcement Network." Examiners will begin using the Chapter X citations to document violations of FinCEN’s regulations for examinations on or after March 1, 2011. The statement also provides information on several tools that have been developed to assist national banks in the transition to Chapter X.

For further information, please contact your examiner-in-charge, OCC supervisory office, or the OCC Compliance Policy Department at (202) 649-5740.

Grovetta N. Gardineer
Deputy Comptroller for Compliance Policy

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