The Financial Crimes Enforcement Network has the capacity to assume a larger role in ensuring that banks and other financial services companies comply with federal anti-money laundering requirements, three of the bureau's former directors said in a livestream event Thursday. But the former directors, all of whom now work in the private sector, warned that FinCEN, the Office of the Comptroller of the Currency, or OCC, Federal Reserve and Federal Deposit Insurance Corp., also known as the FDIC, must coordinate more effectively with each other and clearly define their roles in examinations for any supervisory overhaul to succeed. They gave...
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