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Membership

Anti-Money Laundering & Counter Terrorist Financing Committee

Links to Bank Secrecy Act/Anti-Money Laundering (BSA/AML) References

U. S. Department of State

Department of State website offers world wide information on American diplomacy. The site provides an in-depth look at the role of Secretary of State. The Department of State and Agency for International Development (USAID) Strategic Plan for Fiscal Years 2007 to 2012 sets forth the Secretary of State's direction and priorities for both organizations in the coming years. The Strategic Plan supports the policy positions set forth by the President.

www.state.gov

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U.S. Securities & Exchange Commission

U.S. Securities & Exchange Commission is the website that is the investors advocate. The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.

www.sec.gov

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Office of Thrift Supervision

Office of Thrift Supervision -OTS is an office within the Department of the Treasury. The OTS is the federal bank regulator and supervisor of a dynamic and diverse industry of savings associations and their subsidiaries spread across the nation. The OTS also oversees domestic and international activities of the holding companies and affiliates that own these thrift institutions.

www.ots.gov

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Board of Governors of The Federal Reserve System

The Fed provides a detailed look at the structure, responsibilities, and operations of the Federal Reserve System. Revised in 2005 to reflect changes in monetary, regulatory, and other policy areas. Incorporates major changes in the law and in the structure of the financial system in the past decade.

www.federalreserve.gov

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Office of The Comptroller of the Currency Administrator of National Banks

The Office of the Comptroller of the Currency (OCC) charters, regulates, and supervises all national banks. It also supervises the federal branches and agencies of foreign banks. Headquartered in Washington, D.C., the OCC has four district offices plus an office in London to supervise the international activities of national banks. The Office of the Comptroller of the Currency is a vast source of regulatory knowledge for banks.

www.occ.treas.gov

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Federal Deposit Insurance Corporation

The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress that maintains the stability and public confidence in the nation's financial system by insuring deposits, examining and supervising financial institutions, and managing receiverships.

www.fdic.gov

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Financial Crimes Enforcement Network

The U.S. Department of the Treasury established the Financial Crimes Enforcement Network in 1990 to provide a government-wide multisource financial intelligence and analysis network. The organization's operation was broadened in 1994 to include regulatory responsibilities for administering the Bank Secrecy Act, one of the nation's most potent weapons for preventing corruption of the U.S. financial system.

www.fincen.gov

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FINRA

Financial Industry Regulatory Authority-FINRA is the largest non-governmental regulator for all securities firms doing business in the United States. It was created in July 2007 through the consolidation of NASD and New York Stock Exchange. On their website, FINRA offers conferences and educational events among other resources.

http://www.finra.org/index.htm

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NFA

National Futures Association- NFA - is the industry wide, self-regulatory organization for the U.S. Futures Industry. NFA regulates every firm or individual who conducts futures trading business with the public. Through the website a broker and brokerage firm check may reveal Commodity Futures Trading Commission (CFTC) registration, NFA membership information and futures-related regulatory and non-regulatory actions contributed by NFA, the CFTC and the U.S. futures exchanges.

http://www.nfa.futures.org/

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FATF

The Financial Action Task Force – The goal of FATF is to adopt and implement controls to counter the use of the banking systems by criminals. FATF was established by the G-7 Summit that was held in Paris in 1989. In 1990 it established a series of Forty Recommendations on money laundering and were revised in 1996 and in 2003. Along with the Forty Recommendations the website details FATF "Non-Cooperative Countries or Territories" (NCCTs List or FATF Black List). The FATF membership is currently 32 countries and territories.

http://www.fatf-gafi.org

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**OFAC

The Office of Foreign Assets Control (OFAC) An office within the US Dept of the Treasury charged with administering and enforcing US economic and financial sanctions and trade embargoes. OFAC seeks to change (by economic pressure) policies and behavior contrary to those of the US. The website provides information on Sanctions Programs: Country and List-based (SDN List), recent OFAC actions, OFAC Training and other resources.

http://www.treas.gov/ofac

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DOJ

The Dept of Justice-DOJ is administered by the United States Attorney General. DOJ works to combat terrorism, apprehend Most-Wanted and other fugitives. It is responsible for investigating and prosecuting violations of federal laws. It encompasses several division and several federal law enforcement agencies such as Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), Drug Enforcement Administration (DEA), and Federal Bureau of Investgations(FBI).

http://www.usdoj.gov

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US Dept of Homeland Security

Dept of Homeland Security-DHS is a federal agency whose mission is to help prevent, protect against and respond to acts of terrorism on US Soil. The site offers various resources including Homeland Security Advisory System, Current Threat Level.

http://www.dhs.gov

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ICE

Immigration and Customs Enforcement- ICE is an investigative branch of DHS. After 9/11 INS and former US Customs Services merged to form an agency that enforces immigration and custom laws and protect the US against terrorist attacks. ICE is composed of four law enforcement divisions and several supportive divisions all which work to protect the public. This website serves as a resources tool which includes an ICE.gov breaking news feed.

http://www.ice.gov

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**Wolfsberg AML Principles

Wolfsberg AML Principles- incorporates 11 of the worlds largest international Private Banks which have agreed to a set of global anti-money laundering guidelines. The website also provides recent updates from The Wolfsberg Group, such as "Close Associates" and "Close Family" of PEPs, should also be deemed Politically Exposed Persons.

http://www.wolfsberg-principles.com/

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USA PATRIOT Act

Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act of 2001. On Oct 26, 2001, President Bush signed the USA PATRIOT Act into law. There are several sections of this law that are beneficial to the banking community in the fight against money laundering and terrorism; sections 311, 312, 313, 314, 319 (b), 325, 326, 351, 352, 356, 359, and 362. To view brief descriptions of these particular sections of USA PATRIOT Act, you can visit FinCEN:

http://www.fincen.gov/statutes_regs/patriot/index.html