The OCC is issuing this final rule to amend its regulations
implementing the Bank Secrecy Act (BSA) governing the confidentiality
of a suspicious activity report (SAR) to: clarify the scope of the
statutory prohibition on the disclosure by a financial institution of a
SAR, as it applies to national banks; address the statutory prohibition
on the disclosure by the government of a SAR, as that prohibition
applies to the OCC's standards governing the disclosure of SARs;
clarify that the exclusive standard applicable to the disclosure of a
SAR, or any information that would reveal the
existence of a SAR, by the OCC is to fulfill official duties consistent
with Title II of the BSA; and modify the safe harbor provision in the
OCC's SAR rules to include changes made by the Uniting and
Strengthening America by Providing Appropriate Tools Required to
Intercept and Obstruct Terrorism (USA PATRIOT) Act. These amendments
are consistent with a final rule being contemporaneously issued by the
Financial Crimes Enforcement Network (FinCEN).
Document Subtype:
Final Rule
Received Date:
December 03 2010, at 08:50 AM Eastern Standard Time
Start-End Page:
75576 - 75583
Comment Start Date:
December 3 2010, at 12:00 AM Eastern Standard Time
Confidentiality of Suspicious Activity Reports
Details Information
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