The Federal Deposit Insurance Corporation (FDIC) is amending its regulation on the reporting of known or suspected criminal and suspicious activities by insured state nonmember banks. This final rule streamlines reporting requirements by providing that a state nonmember bank file a new Suspicious Activity Report (SAR) with the FDIC and the appropriate federal law enforcement agencies by sending a single copy of the SAR to the Financial Crimes Enforcement Network of the Department of the Treasury (FinCEN) to report a known or suspected criminal offense or a transaction that it suspects involves money laundering or violates the Bank Secrecy Act.