Regulatory Alerts2005-09-14
Added
Amended Memorandum Opinion granting Government’s Motion for Summary Judgment in Wuliger V. Office of the Comptroller of Currency
The United States District Court for the Northern District of Ohio granted the Office of the Comptroller of the Currency's motion for summary judgment, ruling that the OCC's regulations prohibiting the disclosure of Suspicious Activity Reports are valid and consistent with the Bank Secrecy Act. The court determined that the OCC acted within its statutory authority to maintain the confidentiality of these reports and their supporting documentation. Consequently, the Receiver's request for access to non-public OCC information regarding these reports was denied, and the OCC's decision to withhold the documents was upheld as a final agency action.
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