OCC Testifies on Challenges Faced in Combating Money Laundering

WASHINGTON — Daniel P. Stipano, Deputy Chief Counsel, Jennifer Kelly, Deputy Comptroller, Midsize and Credit Card Banks, and Lester Miller, National Bank Examiner, testified today before the Senate Government Affairs Permanent Subcommittee on Investigations on the supervisory and enforcement actions the OCC has taken against Riggs Bank, and the challenges regulatory agencies face in combating money laundering and terrorist financing in the United States.

The oral and written statements are available on the news release page of the OCC's website at: http://www.occ.treas.gov/04RELLST.HTM.

Related Links

• Oral Statement (PDF)
• Written Testimony (PDF)