You are Sahil/Suhana of 314/B Pentasa Heights, Vaishali. You are disturbed by the manner in which the media sensationalizes news items centering the spread and positivity rate of Covid 19 at present without verifying it's authenticity. Write a letter to the editor based on this highlighting your views and feelings of disgust.
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OCC Bulletin 2020-34
April 7, 2020
Bank Secrecy Act/Anti-Money Laundering: OCC Supports FinCEN’s Regulatory Relief and Risk-Based Approach for Financial Institution Compliance in Response to COVID-19
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To
Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties
Summary
The Office of the Comptroller of the Currency (OCC) recognizes the recent disruptions and significant challenges faced by banks1 as a result of the coronavirus disease (also known as COVID-19). In light of these developments, on April 3, 2020, the Financial Crimes Enforcement Network (FinCEN) issued an updated COVID-19 notice (FinCEN BSA Notice)2 that recognizes the effect these circumstances may have on the ability of financial institutions to meet certain Bank Secrecy Act (BSA) obligations, including the timing requirements for certain BSA report filings. The FinCEN BSA Notice provides for certain