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Regulators to Squeeze Banks on Anti-Laundering Policies

Regulators to Squeeze Banks on Anti-Laundering Policies

WASHINGTON — Bankers are bracing for the start of more severe anti-money laundering exams as regulators rework their standards and prepare to issue another round of guidance tackling the issue.

The agencies, notably the Office of the Comptroller of the Currency, are feeling the heat as lawmakers blame them for not doing enough to ensure institutions are following anti-laundering standards.

Regulators are likely to make exams tougher for banks of all sizes, though officials have noted the most serious problems have arisen at the largest banks. Some of the biggest institutions — including HSBC, Citigroup and JPMorgan Chase — have recently drawn the toughest enforcement actions related to Bank Secrecy Act violations.

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