OCC Final Rule Addressing Authority for Exemptions to Suspicious Activity Report Requirements

March 16, 2022

This final rule modifies the requirements for national banks and federal savings associations, including federal branches and agencies of foreign banks licensed or chartered by the OCC, to file suspicious activity reports (SARs) by amending the OCC’s SAR regulations to allow the OCC to issue exemptions from the requirements of those regulations upon request from a financial institution subject to those regulations, effective May 1, 2022.

View Article Source →

Stay Informed, Subscribe to the Compliance Newshub

Subscribe Now