<ul><li>The Office of the Comptroller of the Currency (OCC) is expected to increase scrutiny on larger banks.</li><li>The OCC recently issued a cease and desist order to Bank of America, citing deficiencies in the Bank Secrecy Act (BSA) and sanctions compliance efforts.</li><li>Similar orders have been issued to other financial institutions, including USAA Federal Savings Bank and TD Bank.</li><li>The OCC's bank supervision plan for fiscal year 2025 focuses on intelligence analysis, threat detection, strong authentication, and third-party relationships.</li></ul>

OCC Poised to Ramp Up Scrutiny on Larger Banks

Discover more