The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
The Outreach & Education function engages, empowers and educates the public in the Second District. Our outreach mission furthers the Bank’s commitment to the region by listening to the communities we serve and developing programs, analysis and sponsored conferences and clinics to help meet their needs. Our education mission aims to advance public knowledge about the Federal Reserve System and its role in the economy.
Agencies Announce Bank Secrecy Act/Anti-Money Laundering Outreach Events
July 21, 2005
Circular No. 11721
To All Depository Institutions and Others Concerned in the Second Federal Reserve District:
The federal banking and thrift agencies, along with the Financial Crimes Enforcement Network (FinCEN), have announced registration details for upcoming outreach events related to the Bank Secrecy Act/Anti-Money Laundering Examination Manual that was released on June 30. The events include:
three nationwide conference calls to be held August 2-4, 2005; and
five regional half-day outreach meetings in San Francisco, Dallas, Chicago, New York and Miami.
The August 22 outreach meeting in New York will be simulcast online. The web address for this event will be publicly released in advance of the meeting.
Banking organizations are encouraged to participate in these voluntary sessions. During these events, the BSA/AML Examination Manual will be discussed and examination expectations will be provided.
The BSA/AML Examination Manual emphasizes a banking organization's responsibility to establish and implement risk-based policies, procedures and processes to comply with the BSA and safeguard its operations from money laundering and terrorist financing.
Participating in the outreach sessions will be the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, the Office of Foreign Assets Control and FinCEN.
For questions regarding the registration process, contact Tonya Spratley of the FDIC at firstname.lastname@example.org.