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OCC Releases 2020 Bank Supervision Operating Plan



The OCC released their 2020 Bank Supervision Operating Plan, which unsurprisingly features BSA/AML compliance in the number two spot. This year’s plan seems to be weighted even more heavily towards systems and technology as the OCC will, among other areas, focus on “ … determining whether BSA/AML risk management systems match the complexity of business models and products offered; evaluating technology solutions to perform or enhance BSA/AML oversight functions; and assessing the adequacy of suspicious activity monitoring and reporting systems and processes.”

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