The FDIC proposed a rule to amend the agency’s Suspicious Activity Report regulation. The proposal would permit the FDIC to issue additional, case-by-case exemptions from SAR filing requirements to FDIC-supervised institutions.
FDIC proposes amendments to SAR regs
December 16, 2020 / By ICBA
The FDIC proposed a rule to amend the agency’s Suspicious Activity Report regulation. The proposal would permit the FDIC to issue additional, case-by-case exemptions from SAR filing requirements to FDIC-supervised institutions.
The FDIC proposed a rule to amend the agency’s Suspicious Activity Report regulation. The proposal would permit the FDIC to issue additional, case-by-case exemptions from SAR filing requirements to FDIC-supervised institutions.
The proposal would allow the FDIC to grant exemptions, in conjunction with the Financial Crimes Enforcement Network, to institutions that develop innovative solutions to meet Bank Secrecy Act requirements more efficiently and effectively.
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