1.6: Investigations
Conduct investigations of possible fraud, waste, abuse, and misconduct associated with Board programs and operations. Other Information:
Under the authority of the IG Act, the OIG conducts criminal, civil, and administrative investigations of alleged fraud, waste,
abuse, and misconduct related to the programs and operations of the Board. In addition, the OIG uses its knowledge of banking,
finance, and the Federal Reserve System to support the criminal and civil investigations of the Department of Justice. Over
the next five years, the OIG envisions that its joint work with the Department of Justice will continue to evolve, with a
focus on detecting and preventing Bank Secrecy Act violations, money laundering, terrorist financing, fraud, and other financial
crimes. The OIG also expects that its criminal investigative activities will include leading or participating in multi-agency
task forces relating to bank fraud, terrorist financing, and money laundering.
Indicator(s):
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