The OCC today updated its Comptroller’s Handbook with a revised booklet on oil and gas exploration and production lending. The update guidance provides more detailed guidance on prudent risk management practices for banks making these types of loans and outlines regulatory expectations, with special attention to lending for upstream oil and gas businesses.
FinCEN issues guidance on Mexico-based criminal organizations, ISIS
FinCEN issued an alert for financial institutions on bulk cash smuggling and repatriation by Mexico-based transnational criminal organizations. It also issued an advisory on reporting suspicious activity related to the terrorist organization ISIS.