On June 29th, the OCC issued a Bulletin on prepaid access programs. National banks that offer consumers access to prepaid funds are exposed to a variety of risks, including potential fraud and money laundering, due to the complexity associated with the design, delivery, and increased functionality of prepaid access products. When such products or any components supporting them are outsourced to a third-party service provider, the risks are often more challenging to manage. The bulletin provides guidance to banks to ensure they develop and implement a comprehensive risk management program that reflects the nature and complexity of prepaid access products. OCC Press Release.