Office of the Comptroller of the Currency

Bureau of International Narcotics and Law Enforcement Affairs

The U.S. Department of Treasury’s Office of the Comptroller of the Currency (OCC) charters, regulates, and supervises all national banks and federal savings associations in the U.S. Its goal is to ensure these institutions operate in a safe and sound manner and comply with all consumer protection and AML laws and implementing regulations. In 2014, the OCC sponsored several initiatives to provide AML/CFT training to foreign banking supervisors. These initiatives include its annual AML/CFT School, which is designed specifically for foreign banking supervisors to increase their knowledge of money laundering and terrorism financing typologies and improve their ability to examine and enforce compliance with national laws. The 2014 AML School was attended by foreign supervisors from Australia, Canada, China, Hong Kong, India, Kosovo, Malaysia, Netherlands, Philippines, South Africa, South Korea, Tanzania, and Turkey. The OCC also taught an AML school for the Association of Banking Supervisors of the Americas in Quito, Ecuador; in attendance were participants from Bolivia, Chile, Columbia, Costa Rica, Ecuador, El Salvador, Haiti, Honduras, Mexico, Nicaragua, and Panama. In addition to organizing and conducting schools, OCC officials also met individually, both in the U.S. and overseas, with representatives from foreign law enforcement authorities, financial intelligence units, and AML/CFT supervisory agencies to discuss the U.S. AML/CFT regime, the agencies’ risk-based approach to AML/CFT supervision, examination techniques and procedures, and enforcement actions.

The OCC continued its industry outreach efforts to the international banking community during 2014 by participating with other federal banking agencies in regulator panels at the Association of Certified Anti-Money Laundering Specialists’ 13th Annual International Anti-Money Laundering Conference. The focus of the regulator panels was keeping pace with global regulatory changes.

In 2014, the OCC also participated in a series of FATF working group and plenary meetings as well as the Basel Committee on Banking Supervision Anti-Money Laundering Expert Group. On an ad hoc basis, OCC meets with delegations from various countries to discuss the U.S. AML regime and its approach to conducting supervisory examinations.