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How Does a Bank Determine If It Is In a HIFCA?
Answer by Ken Gollliher, BOL Guru
Guru BIOS

Question: In completing a risk profile for a BSA Program, one of the risk factors would be whether or not the bank is located in an area designated as a HIDTA or HIFCA. I was able to determine that we are not in a High Drug Trafficking area, however there seem to be very limited resources on High Risk Money Laundering and Related Financial Crimes Areas. How would one determine whether they are located in one of these areas?

Answer: No additional HIFCAs have been added to the list in recent years. They are currently:

  • New York/Northern New Jersey
  • Los Angeles
  • Northern district of Illinois (Chicago)
  • San Juan
  • the southwest (Texas & Arizona/ Mexico) border
  • Northern District of California (San Francisco)

    You indicated that you had been able to determine whether you were located in a HIDTA, but those who are unsure should visit:

    www.whitehousedrugpolicy.gov/hidta/index.html

    First published on BankersOnline.com 5/16/05




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