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Minimum Security Devices and Procedures, Reports of Suspicious Activities, and Bank Secrecy Act Compliance Program

aml-bsa-fincen · OCC · Rule · Published 1996-02-05 · Effective 1996-04-01 · 61 FR 4332

Document

Document number
96-2246
Federal Register citation
61 FR 4332
CFR reference
12 CFR 21
Type
Rule
Action
Final rule.
Category
aml-bsa-fincen
Sub-agency
OCC
Publication date
1996-02-05
Effective date
1996-04-01
Treasury docket
Docket No. 96-02

Abstract

The Office of the Comptroller of the Currency (OCC) is amending its regulations that require national banks to file criminal referral and suspicious transaction reports. This final rule streamlines reporting requirements by providing that national banks file a new Suspicious Activity Report (SAR) with the OCC and the appropriate Federal law enforcement agencies by sending SARs 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 a bank suspects involves money laundering or violates the Bank Secrecy Act (BSA).

Source

Authoritative
Federal Register document
Machine
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