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Suspicious Activity Report; Report of Catastrophic Act and Bank Secrecy Act Compliance

NCUA · final-rule · Published 1996-03-21 · Effective 1996-04-01 · 61 FR 11525

Document

Document number
96-6702
Federal Register citation
61 FR 11525
CFR reference
12 CFR 748
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US National Credit Union Administration
Publication date
1996-03-21
Effective date
1996-04-01

Abstract

This final rule changes existing references from ``Criminal Referral Form'' to ``Suspicious Activity Report'' to conform the language in the rule to the new Suspicious Activity Report (SAR) which the financial regulatory agencies and the Department of the Treasury have developed to replace the Criminal Referral Form (CRF). It also reduces the required retention period for SARs' and any attachment thereto from the current 10 years to 5 years. This final rule streamlines reporting requirements by providing that credit unions file a new SAR with NCUA and appropriate Federal law enforcement agencies by sending the SARs to the Financial Crimes Enforcement Network of the Department of the Treasury.

Source

Authoritative
Federal Register document
Machine
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