We also are working closely with our Treasury and law enforcement counterparts to disseminate information about perceived money-laundering or terrorist-financing threats. By identifying emerging vulnerabilities, we can better collaborate with banking organizations in our efforts to develop systems and procedures to combat the abuse of the financial sector by financial criminals.
For example, the interagency Money Laundering Threat Assessment (4.1MB PDF) is one measure we are taking to identify significant concerns and communicate them to banking organizations. Conclusion Our ongoing supervision of banking organizations indicates that the preponderance of institutions continues to be sound and well managed. This strong performance has occurred concurrently with institutions’ continued efforts to improve their risk-identification and management strategies.