OCC 2005-16
OCC Bulletin

Subject:      Bank Secrecy Act/Anti-Money Laundering        
Description:  Frequently Asked Questions (updatedupd): Final
              Customer Identification Program Rule

Date:         April 28, 2005

TO:  Chief Executive Officers and Compliance Officers of All
     National Banks, Federal Branches and Agencies, Department
     and Division Heads, and All Examining Personnel

On May 9, 2003, the Office of the Comptroller of the Currency
(OCC) together with the Federal Reserve Board, Federal Deposit
Insurance Corporation, Financial Crimes Enforcement Network,
Office of Thrift Supervision, National Credit Union
Administration, and the Treasury Department published a joint
final rule, 31 CFR 103.121, titled "Customer Identification
Programs for Banks, Savings Associations, Credit Unions and
Certain Non-Federally Regulated Banks," at 68 FR 25090.  The
final rule implemented section 326 of the USA PATRIOT Act of 2001
and requires banks, savings associations, credit unions, and
certain nonfederally regulated banks to have a customer
identification program (CIP).

On January 8, 2004, the OCC issued OCC Bulletin 2004-3 announcing
that the agencies were publishing frequently asked questions
(FAQs) to provide staff guidance on the application of the CIP
rule.

This bulletin replaces OCC Bulletin 2004-3 and transmits updated
FAQs jointly issued by the agencies that include additional staff
guidance on the rule.  Each FAQ is dated so that readers can
identify the FAQs that have been added.

Questions on the FAQs may be directed to your OCC supervisory
office or the Compliance Policy Department at (202) 874-4428.


___________________________________
Ann F. Jaedicke
Deputy Comptroller for Compliance Policy


Attachment:  Frequently Asked Questions (updated)
            [http://www.occ.treas.gov/ftp/bulletin/2005-16a.pdf]

             For text of final rule, see:
         [http://www.occ.treas.gov/fr/fedregister/68fr25090.pdf]