OTS Director Reich Cites Interagency Successes Against Terrorist Financing and Money Laundering

Bank Secrecy Act (BSA)Office of Thrift Supervision (OTS)Anti-Money Laundering

Office of Thrift Supervision (OTS) Director John Reich cited close cooperation among federal bank regulators as a key ingredient in the successes in safeguarding the nation’s financial system from money laundering and terrorist financing.

During a speech at a conference sponsored by the Federal Financial Institutions Examination Council (FFIEC), Reich highlighted several examples of the collaboration between the OTS and the other federal bank agencies in ensuring compliance with the Bank Secrecy Act and anti-money laundering (BSA/AML) rules.

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