OCC - Comptroller of the Currency, Administrator of National Banks

OCC Logo Comptroller of the Currency, Administrator of National Banks. Agency of the Department of the Treasury.

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The Office of the Comptroller of the Currency (OCC) charters, regulates, and supervises national banks to ensure a safe, sound, and competitive banking system that supports the citizens, communities, and economy of the United States.

OCC Consumer Protection News:
Combating Abusive Lending; Protecting Personal Financial Information; Resolving Complaints; more…

November 10, 2004

OCC 2004-50, Bank Secrecy Act/Anti-Money Laundering: Enforcement Guidance for BSA/AML Program Deficiencies WORD ASCII

This bulletin provides guidance for citing violations and taking enforcement actions relating to the Bank Secrecy Act compliance program rule (12 CFR 21.21) and the suspicious activity reporting requirements (12 CFR 21.11). It is not intended, does not, and may not be relied upon to create rights, substantive or procedural, and is not enforceable at law.

Alert 2004-22, Unauthorized Banking: All Canadian Financial Co (ACFS) and Fairbank Group, Offshore Banking (FBGP), Unauthorized Internet Banks WORD ASCII

This issuance notifies national banks and regulatory agencies that the OCC has been advised that All Canadian Financial Co and Fairbank Group, Offshore Banking, both with addresses in Canada, are actively engaged in offering a full range of deposit and banking services via the Internet. Canadian authorities have informed the OCC that neither have been authorized to conduct the business of banking in or from Canada.

November 9, 2004

News Release 2004-103, OCC Will Hold Hearing on Charges Against Grant Thornton; Agency Seeks Cease and Desist Order and Civil Money Penalty

News Release 2004-102, OCC Survey Finds Easing of Commercial Credit Underwriting Standards

November 5, 2004

OCC Publishes Annual Report for Fiscal Year 2004

The OCC's annual report sets forth the agency's accomplishments in supervision, regulation, risk analysis, and chartering in fiscal year 2004. It also describes management initiatives, financial management results, and OCC outreach to industry, community, and consumer organizations.

OCC 2004-49, Check Clearing for the 21st Century Act (Check 21) and 12 CFR 229 Availability of Funds and Collection of Checks (Regulations CC): Availability of FFIEC's InfoBase for Check 21 and Updated Examination Procedures for Regulation CC WORD ASCII

This bulletin announces that the Federal Reserve Board recently amended 12 CFR 229, which implements the Check Clearing for the 21st Century Act (Check 21). Model form C-5A in Appendix C was effective August 4, and paragraph (4) of Appendix D will become effective on January 1, 2006. All other changes were effective October 28. Examinations procedures are attached.

Banker Education Update

Information from the July and September Telephone Seminars have been posted to the Banker Education page. Items include the transcript and slides from "Outsourcing Technology Services: A Management Decision" and the information package from "Financing Minority Businesses". Also, see the announcement on the Upcoming Telephone Seminar page.

More What's New

SITE LAST REVISED: 11/10/2004

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