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1.6 MB
Extraction Summary
0
People
22
Organizations
0
Locations
1
Events
2
Relationships
3
Quotes
Document Information
Type:
Regulatory compliance report / consulting report
File Size:
1.6 MB
Summary
This document is page 16 of a report prepared by the consulting firm Protiviti, submitted as part of a House Oversight Committee investigation (Bates stamp HOUSE_OVERSIGHT_024122). It lists and describes various regulatory resources, handbooks, and inter-agency tools used for Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance. The page specifically details resources from the FFIEC, SEC, FINRA, and NCUA, as well as listing the federal agencies that contributed to the 2005 U.S. Money Laundering Threat Assessment.
Organizations (22)
| Name | Type | Context |
|---|---|---|
| Money Transmitter Regulators Association (MTRA) | ||
| Conference of State Bank Supervisors (CSBS) | ||
| FinCEN | ||
| NCUA | ||
| FFIEC | ||
| Federal Reserve | ||
| OCC | ||
| CFPB | ||
| FDIC | ||
| SEC | ||
| FINRA | ||
| Office of Terrorist Financing and Financial Crime (TFFC) | ||
| Financial Crimes Enforcement Network | ||
| Office of Intelligence and Analysis (OIA) | ||
| Office of Foreign Assets Control (OFAC) | ||
| Executive Office for Asset Forfeiture (TEOAF) | ||
| Internal Revenue Service (IRS) | ||
| Federal Bureau of Investigation (FBI) | ||
| Drug Enforcement Administration (DEA) | ||
| Asset Forfeiture Money Laundering Section (AFMLS) | ||
| Protiviti | ||
| House Oversight Committee |
Timeline (1 events)
2005
Publication of the U.S. Money Laundering Threat Assessment (MLTA)
USA
Relationships (2)
FFIEC
→
Collaborative Effort
→
Federal Reserve, OCC, NCUA, CFPB, FDIC
FFIEC Information Technology Examination Handbook – Developed through a collaborative effort of the Federal Reserve, the OCC, the NCUA, the CFPB and the FDIC
Footer indicates 'protiviti' and Bates stamp 'HOUSE_OVERSIGHT_024122'
Key Quotes (3)
"The IT Examination Handbook provides guidance on topics such as risks and suggested controls on third-party payment processors... and electronic payments."Source
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Quote #1
"Anti-Money Laundering (AML) Source Tool for Broker-Dealers – Developed by the SEC to assist broker-dealers with fulfilling their responsibilities to establish an AML Compliance Program"Source
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Quote #2
"Template for Small Firms – This template, available on FINRA’s website, is designed to assist small firms in fulfilling their responsibilities to establish an AML Compliance Program"Source
HOUSE_OVERSIGHT_024122.jpg
Quote #3
Full Extracted Text
Complete text extracted from the document (3,072 characters)
regulations, the Money Transmitter Regulators Association (MTRA), the Conference of State Bank Supervisors (CSBS), and FinCEN.
• Bank Secrecy Act Exam Resources – Developed by the NCUA, this publication provides guidance to examiners for carrying out AML and OFAC examinations for credit unions.
• FFIEC Information Technology Examination Handbook – Developed through a collaborative effort of the Federal Reserve, the OCC, the NCUA, the CFPB and the FDIC, the IT Examination Handbook covers key technology topics as they relate to financial services in separate booklets, including:
o Audit
o Operations
o Management
o Business continuity planning
o Outsourcing technology services
o Development and acquisition
o Retail payment systems
o Wholesale payment systems
o E-banking supervision of technology service providers
o Information security
o Operations
o Management
o Business continuity planning
o Outsourcing technology services
o Development and acquisition
o Retail payment systems
o Wholesale payment systems
o E-banking supervision of technology service providers
o Information security
The IT Examination Handbook provides guidance on topics such as risks and suggested controls on third-party payment processors (e.g., Automated Clearing House [ACH] providers, remote deposit capture [RDC] providers) and electronic payments (e.g., electronic banking, automated teller machine [ATM]).
• Anti-Money Laundering (AML) Source Tool for Broker-Dealers – Developed by the SEC to assist broker-dealers with fulfilling their responsibilities to establish an AML Compliance Program, as required by AML laws and regulations.
• Template for Small Firms – This template, available on FINRA’s website, is designed to assist small firms in fulfilling their responsibilities to establish an AML Compliance Program, as required by the BSA and its implementing regulations and FINRA Rule 3310, by providing text examples, instructions, relevant rules, websites and other resources.
• Compliance Self-Assessment Guide – Developed by the NCUA, this guide is intended for use by a credit union’s board of directors and management, compliance officers, and others having responsibility for compliance as part of their duties. While the guide covers most federal consumer protection laws and regulations that affect credit unions, it does not address all federal laws or any state laws.
• AML e-learning courses – FINRA offers several e-learning courses and interactive scenarios on AML-related topics, ranging from customer identification procedures to recognizing red flags.
• U.S. Money Laundering Threat Assessment (MLTA) – Published in 2005, the MLTA was written by the following agencies, bureaus and offices:
o Office of Terrorist Financing and Financial Crime (TFFC)
o Financial Crimes Enforcement Network (FinCEN)
o Office of Intelligence and Analysis (OIA)
o Office of Foreign Assets Control (OFAC)
o Executive Office for Asset Forfeiture (TEOAF)
o Internal Revenue Service (IRS) – Criminal Investigation (CI)
o IRS – Small Business/Self-Employed Division (SB/SE)
o Federal Bureau of Investigation (FBI)
o Drug Enforcement Administration (DEA)
o Asset Forfeiture Money Laundering Section (AFMLS)
o Financial Crimes Enforcement Network (FinCEN)
o Office of Intelligence and Analysis (OIA)
o Office of Foreign Assets Control (OFAC)
o Executive Office for Asset Forfeiture (TEOAF)
o Internal Revenue Service (IRS) – Criminal Investigation (CI)
o IRS – Small Business/Self-Employed Division (SB/SE)
o Federal Bureau of Investigation (FBI)
o Drug Enforcement Administration (DEA)
o Asset Forfeiture Money Laundering Section (AFMLS)
protiviti | 16
HOUSE_OVERSIGHT_024122
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