On October 7, 2026, Comptroller of the Currency Jonathan V. Gould convened a panel of community bankers in Minneapolis, Minnesota, October 6 to discuss ongoing efforts to combat financial fraud. During the gathering with local community bankers, the Comptroller addressed ongoing efforts to prevent financial fraud within Minnesota, emphasizing financial institutions' pivotal responsibility in detecting fraudulent schemes, and the OCC’s commitment to support banks in their efforts.
In his discussion with community bankers, Comptroller Gould announced a new tool allowing community banks to report suspected payment fraud involving OCC-regulated institutions directly to its fraud taskforce. Comptroller Gould also highlighted FinCEN’s 314(b) guidance, which supports information sharing among financial institutions to help detect and prevent fraud, and Treasury’s Do Not Pay program. Last fiscal year, the program screened more than 1.1 billion federal payments totaling approximately $3.7 trillion and helped prevent $175 million in payments to deceased individuals.
Read the OCC’s press release here.