Federal Deposit Insurance Corporation

Bureau of International Narcotics and Law Enforcement Affairs
Report

In 2014, the Federal Deposit Insurance Corporation (FDIC) continued to work with federal agencies and international groups to combat money laundering and inhibit the flow of terrorist funding. These efforts were focused on training and outreach initiatives. In coordination with the U.S. Department of State, the FDIC conducted an AML/CFT training session hosted by Bank Negara Malaysia in Kuala Lumpur, Malaysia. The training was attended by 59 participants representing financial regulatory agencies from Burma, Cambodia, Indonesia, Laos, Malaysia, the Philippines, Thailand, and Vietnam. The FDIC conducted two additional AML/CFT training sessions at the FDIC’s training facility in Arlington, Virginia for 61 participants representing financial regulatory agencies from Afghanistan, Algeria, Azerbaijan, Kazakhstan, Mali, Nigeria, Pakistan, and Yemen. Each training session focused on AML/CFT controls, the AML examination process, customer due diligence, and suspicious activity monitoring, as well as AML compliance issues related to higher risk institutions, products, services, customers, and geographical locations.