News Release 2019-50 | May 21, 2019

Senior Deputy Comptroller Discusses Bank Secrecy Act and Anti-Money Laundering Compliance

WASHINGTON — Senior Deputy Comptroller for Bank Supervision Policy Grovetta N. Gardineer today discussed efforts to protect the financial system from being misused for illegal purposes during a hearing before the U.S. Senate Committee on Banking, Housing, and Urban Affairs.

During her testimony, Ms. Gardineer specifically addressed the threats posed to our financial system by the use of shell companies and methods to better identify the true beneficial owners of assets.

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