Bank Secrecy Act/anti-money Laundering interagency outreach event webcast.The federal banking and thrift institution agencies, along with the Financial Crimes Enforcement Network Noun 1. Financial Crimes Enforcement Network - a law enforcement agency of the Treasury Department responsible for establishing and implementing policies to detect money laundering FinCEN (FinCEN), announced registration details on August 8, 2005, for a live webcast of the Bank Secrecy Act/Anti-Money Laundering Examination Manual outreach event that was held in New York on August 22, 2005. The webcast was open to all parties interested in BSA/AML compliance issues, but registration was required. The outreach event was held from 9 a.m. to noon EDT and will be available for on-demand viewing for three months after the presentation. The event is part of a series of briefings for the banking industry and field examiners on the BSA/ AML Examination Manual. The host organizations are the Board of Governors of the Federal Reserve System Board of Governors of the Federal Reserve System The managing body of the Federal Reserve System, which sets policies on bank practices and the money supply. , the Federal Deposit Insurance Corporation Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $100,000. , the Office of the Comptroller of the Currency The Office of the Comptroller of the Currency (or OCC) was established by the National Currency Act of 1863 and serves to charter, regulate, and supervise all national banks and the federal branches and agencies of foreign banks in the United States. , the Office of Thrift Supervision The Office of Thrift Supervision (OTS) was established as a bureau of the Treasury Department in August 1989 as part of a major Reorganization Plan of the thrift regulatory structure mandated by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) (12 U.S.C.A. , and FinCEN. Also participating in these outreach events are state banking agencies, the Office of Foreign Assets Control, banking organizations, and banking trade associations. |
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