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#2104836 - 10/26/16 09:10 PM OCC MLR
KSK Offline
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KSK
Joined: Jul 2001
Posts: 357
Kansas
Has anybody heard anything from the OCC on the 2016 MLR?

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#2105292 - 10/31/16 04:38 PM Re: OCC MLR KSK
Sheba Offline
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Sheba
Joined: Mar 2002
Posts: 69
Oz
No. Thought It would have showed up about 2 weeks ago.

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#2105336 - 10/31/16 07:10 PM Re: OCC MLR KSK
rrush Offline
Member
Joined: Dec 2011
Posts: 74
They had calls in June. I sent an email a couple of weeks ago, was told they had not sent out anything yet. Of course they did not say when they would be sending it out smile I just keep looking at BankNet in case I miss an email or something.

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#2105505 - 11/01/16 06:40 PM Re: OCC MLR KSK
dottiec Offline
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Joined: Jul 2007
Posts: 304
Just received an e-mail with the following:

The Money Laundering Risk data collection process is about to begin with our compliancy policy department sending out the email reference starting Friday October 28, 2016. The MLR data collection cycle begins 11/7/16.
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#2105564 - 11/01/16 08:35 PM Re: OCC MLR KSK
John Burnett Offline
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John Burnett
Joined: Oct 2000
Posts: 39,296
Cape Cod
Good luck to all our national bank friends!
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Fighting for Compliance since 1976
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#2105582 - 11/01/16 09:39 PM Re: OCC MLR KSK
McGruff Offline
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McGruff
Joined: Feb 2004
Posts: 262
Texas
We just got our "Greetings" email today as well.

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#2109111 - 11/30/16 05:43 PM Re: OCC MLR KSK
BSA_Jay Offline
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BSA_Jay
Joined: Mar 2010
Posts: 72
New York
I haven't received the 2016 report or the request for the new one.

Here's to hoping they forgot about us.
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#2109117 - 11/30/16 05:48 PM Re: OCC MLR KSK
NotDoneYet Offline
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NotDoneYet
Joined: Jul 2010
Posts: 482
PA
Finished ours today!!

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#2109121 - 11/30/16 05:56 PM Re: OCC MLR KSK
BSA_Jay Offline
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BSA_Jay
Joined: Mar 2010
Posts: 72
New York
What do you guys honestly do with the MLR info?

Last year I had put together a presentation showing a three year trend to the compliance committee and to the board, but I question the value of it.
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#2109122 - 11/30/16 06:01 PM Re: OCC MLR BSA_Jay
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
A lot of the info is that which other banks use as the fodder for their risk assessment. However, some of it is simply worthless. The OCC says it helps them to identify "higher" risk banks and that's probably true, but they represent such a small subset of OCC supervised banks that it is clearly unnecessary to require all OCC banks to provide the information. Instead, they could simply query those where major risk factors are readily apparent.
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#2109125 - 11/30/16 06:17 PM Re: OCC MLR KSK
BSA_Jay Offline
Member
BSA_Jay
Joined: Mar 2010
Posts: 72
New York
Agreed, we are very conservative in nature, even compared to our peers our data shows that our transactional volume is minimal when it comes to higher risk transactions and/or customers.
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