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NCUA RIN: 3133-AF33 Publication ID: Spring 2021 
Title: ●Request for Information and Comment on Model Risk Management Support Compliance with BSA/AML and OFAC Requirements 

NCUA is issuing a request for information and comment with the Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve (FRB), and the Department of Treasury’s Financial Crimes Enforcement Network. The Agencies seek comments and information from interested parties on the extent to which the principles discussed in the Supervisory Guidance on Model Risk Management issued by the FRB, FDIC and OCC support compliance by banks (including credit unions) with Bank Secrecy Act/anti-money laundering and Office of Foreign Assets Control requirements.  The Agencies seek this information to enhance their understanding of bank practices in these areas and determine whether additional explanation or clarification may increase transparency, effectiveness, or efficiency.

Agency: National Credit Union Administration(NCUA)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Prerule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 748.2(b)    12 CFR 748.1(c)   
Legal Authority: 12 U.S.C. 1766(a)    12 U.S.C. 1786(q)   
Legal Deadline:  None
Action Date FR Cite
ANPRM  04/12/2021  86 FR 18978   
ANPRM Comment Period End  06/11/2021 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Small Entities Affected: No  Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Information URL:  
RIN Data Printed in the FR: No 
Agency Contact:
Chrisanthy J. Loizos
Senior Trial Attorney
National Credit Union Administration
1775 Duke Street,
Alexandria, VA 22314
Phone:703 518-6551
Fax:703 518-6569