Oct 9, 2025 · Under the Bank Secrecy Act (BSA), financial institutions are required to assist U.S. government agencies in detecting and preventing money laundering.

Sep 8, 2025 · A basis for filing a SAR includes circumstances where a bank detects any known or suspected federal criminal violation, or pattern of criminal violations, committed or attempted …

The OCC prescribes regulations, conducts supervisory activities and, when necessary, takes enforcement actions to ensure that national banks have the necessary controls in place and …

SAR information also assists in detecting and preventing the flow of illicit funds through our financial systems. Given more recent concerns like mortgage fraud, consumer loan fraud and …

Oct 9, 2025 · Suspicious Activity Reports (SAR) As of April 1, 2013, financial institutions must use the Bank Secrecy Act BSA E-Filing System in order to submit Suspicious Activity Reports.

SAR regulations currently contain no express exemption provisions similar to FinCEN’s general authority to grant exemptions from the requirements of the BSA. This disparity in exemption …

Dec 23, 2024 · The Office of the Comptroller of the Currency (OCC) today issued a cease-and-desist order (order) against Bank of America, N.A. (bank) for deficiencies related to its Bank …

Jun 24, 2003 · Pursuant to 12 CFR 21.11, all national banks, as well as all federal branches and agencies of foreign banks licensed by the Office of the Comptroller of the Currency (OCC), are …

Mar 16, 2022 · The Office of the Comptroller of the Currency (OCC) today issued a final rule amending the OCC?s suspicious activity report (SAR) regulations.

Jan 1, 2024 · The Office of the Comptroller of the Currency (OCC) is announcing the issuance of the Federal Financial Institutions Examination Council's (FFIEC) revised "A Guide to HMDA …