In a series of interviews, speeches and other public releases, OCC Comptroller Joseph Otting has set out a number of priorities, some substantive, some related to how the agency operates. It is clear that Mr. Otting intends to roll back or “modernize” regulations that have been viewed as burdensome or ineffective by the financial industry. … Continue reading
Moore & Van Allen PLLC is pleased to announce that Kristina (“Kris”) B. Whittaker, former Deputy Comptroller for Special Supervision in the Office of the Comptroller of the Currency (OCC), has joined the firm’s Charlotte office as Counsel. Whittaker will practice on Moore and Van Allen’s growing Financial Regulatory Advice and Response team. *
FORMER COMPTROLLER CURRY HONORED AT OCC ALUMNI EVENT (Oct. 2017): On Thursday, October 12, the Alumni Association of the Office of the Comptroller of the Currency (OCC) held a reception and dinner in Washington, D.C. honoring the service and achievements of former Comptroller Thomas J. Curry, who left office on May 5, 2017. Among other … Continue reading
By Neil Bloomfield and Nathan White. After the Panama Papers exposed efforts by wealthy individuals and government officials to hide funds offshore, government authorities around the world have responded with new legislation, regulations and enforcement actions that are beginning to reshape the landscape for anti-money laundering (AML) and Bank Secrecy Act (BSA) violations. This post will … Continue reading
By Neil Bloomfield and Lindsey Frye. This will be our first in a series of updates on the status of regulation and enforcement in the context of cybersecurity related issues. Regulation and liability in the context of a cyber attack present complex questions. The easy target is the individual or organization that committed that attack—the criminal hacker. … Continue reading