OCC Bulletin 2007-35| August 30, 2007

Bank Secrecy Act/Anti-Money Laundering: 2007 National Money Laundering Strategy


Chief Executive Officers, BSA Officers, and Compliance Officers of All National Banks; Federal Branches and Agencies; Technology Service Providers; Department and Division Heads; and All Examining Personnel

The guidance attached to this bulletin continues to apply to federal savings associations.

The Department of Treasury, the Department of Justice, and the Department of Homeland Security jointly released the "2007 National Money Laundering Strategy." Because of its length, the document is not attached to this bulletin but can be accessed through the OCC’s Website. The strategy responds to the December 2005 "U.S. Money Laundering Threat Assessment" that outlined a full array of money laundering trends and methods. The strategy identifies areas where federal agencies will continue to enforce or expand existing anti-money laundering guidance. It also addresses emerging issues for which new guidance will be developed.

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