Tag Archives: Bank Secrecy Act

Operation Choke Point

The title of the operation suggests a slow and painful cut off to the air supply, which is the idea behind the metaphor of banks being the “choke point” by removing access to its financial products and services to high-risk Read More

Advice on Consultants: The OCC’s guidance on using third-party consultants during enforcement actions

As part of an enforcement action or when remedial actions are needed, the Office of the Comptroller of the Currency may require national banks and federal thrifts to engage an independent consultant to ensure that independent judgment and the requisite Read More

Please wait...

Subscribe to our Technical Publication!

Want to be notified when Compass is published? Enter your email address and name below and sign up to our mailing list!
Please wait...

Download the PDF File