OCC Deputy Comptroller Testifies before House Subcommittee

On Bank Secrecy Act’s Impact upon Money Services Businesses

WASHINGTON – Deputy Comptroller Ann F. Jaedicke discussed the Bank Secrecy Act’s impact upon Money Services Businesses in testimony today before the Subcommittee on Financial Institutions and Consumer Credit of the House Financial Service Committee.

Her oral and written statements can be found on the OCC’s web site at www.occ.treas.gov.

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The Office of the Comptroller of the Currency was created by Congress to charter national banks, to oversee a nationwide system of banking institutions, and to assure that national banks are safe and sound, competitive and profitable, and capable of serving in the best possible manner the banking needs of their customers.