Yesterday the following was posted on Recaps:
XXX....here are a few excerpts from a conversation that my partner had with his OCC/Treasury friend last night. OCC-Office of the Comptroller of the Currency -(They are the ones that drafted the FINCEN Form 104 for the Currency Transaction Report. That alone just elevated my excitement. How much better can this get? Blessings, XXX)
The OCC - Office of the Comptroller of the Currency has NOTHING to do with drafting any FinCEN forms!
The Financial Crimes Enforcement Network (FinCEN) prepares its own forms.
Read More Link on Right
The OCC is merely a watch-dog for the Financial Crimes Enforcement Network as it pertains to the OCC Mission Statement: http://www.occ.gov/about/what-we-do/mission/index-about.html the word FINCEN appears ZERO times!
The OCC's Strategic Plan for Fiscal Years 2012-2016...the word FINCEN appears ZERO times http://www.occ.gov/publications/publications-by-type/other-publications-reports/stratplan.pdf
The OCC's Annual Report for Fiscal Year 2012 (92 pages long) - the word FINCEN appears ZERO times
The OCC's Annual Report for Fiscal Year 2011 (95 pages long) - the word FINCEN appears ZERO times
The OCC's Annual Report for Fiscal Year 2010 (93 pages long) - the word FINCEN appears ZERO times
The OCC's Annual Report for Fiscal Year 2009 (89 pages long) - the word FINCEN appears ZERO times
FinCEN's Strategic Plan for Fiscal Years 2012-2016 OCC is mentioned ZERO times http://www.fincen.gov/news_room/rp/files/Strategic_Plan_2012-2016_508.pdf
in the FinCEN 2011 annual report it states:
Regulatory Agencies Responsibility for conducting examinations for compliance with
FinCEN’s regulations has been delegated to the following Federal regulatory
agencies with respect to the financial institutions they supervise:
▪▪ Federal Deposit Insurance Corporation
▪▪ Board of Governors of the Federal Reserve System
▪▪ Office of the Comptroller of the Currency
▪▪ National Credit Union Administration
▪▪ U.S. Securities and Exchange Commission
▪▪ U.S. Commodity Futures Trading Commission
FinCEN has delegated compliance examination activities for regulated
financial institutions without a Federal regulator to the IRS-SB/SE. FinCEN
assists and supports all of these agencies to promote effective and uniform
application of its regulations, and they refer to FinCEN cases of significant
non-compliance. FinCEN retains responsibility for enforcement actions
for violations of the BSA and FinCEN’s implementing regulations.
FinCEN also works closely with State regulators to promote compliance by the
financial institutions they supervise.