Risk Management: Agencies Issue Request for Information on Intersection of Model Risk Management Guidance and BSA/AML Compliance
By EsqSocial Corporation 20/04/21
On April 12, 2021, the Office of the Comptroller of the Currency (“OCC”), the Board of Governors of the Federal Reserve System (“Board”), the Federal Deposit Insurance Corporation (“FDIC”), the National Credit Union Administration (“NCUA”) and the Financial Crimes Enforcement Network (“FinCEN”) issued a Request for Information (“RFI”) requesting comment on the extent to which the agencies’ previous guidance on model risk management supports banks’ compliance with Bank Secrecy Act (“BSA) and...
By: Ballard Spahr LLP