Credit Suisse continues BSA/AML remediation after switch to OCC supervision

The New York branch of Credit Suisse will pursue work on repairing its Bank Secrecy Act (BSA) compliance failures, as originally agreed on 22 December 2020 with the Federal Reserve Bank of New York and the New York State Department of Financial Services, following its transfer to oversight by the Office of the Comptroller of the Currency (OCC) on 28 May 2024.

The New York branch of Credit Suisse will pursue work on repairing its Bank Secrecy Act (BSA) compliance failures, as originally agreed on 22 December 2020 [1] with the Federal Reserve Bank of New York and the New York State Department of Financial Services, following its transfer to oversight by the Office of the Comptroller of the Currency (OCC) on 28 May 2024.