(A publication of the Office of the Comptroller of the Currency)
This booklet updates and expands upon the Office of the Comptroller of the Currency’s (OCC’s) prior publication. Money Laundering: A Banker’s Guide to Avoiding Problems (second edition June 1993). This revision was prompted by the growing sophistication of money launderers, a growing international response to money laundering, changes to anti-money laundering laws, and recent anti-terrorist financing legislation.
This booklet presents basic background information on U.S. money-laundering laws and international anti-money laundering efforts. It also discusses actions bankers can take to better identify and manage risks associated with money laundering and terrorist financing. It is intended to provide a high-level discussion of concepts and issues. More detail on the subjects discussed may be obtained by using the listing of materials and organizations in the “Where to Get More Information” section.
The article can be viewed in its entirety by going to https://occ.gov/ and searching for "Money Laundering: A Banker's Guide to Avoiding Problems."