View Rule

View EO 12866 Meetings

Printer-Friendly Version Download RIN Data in XML

TREAS/OTS

RIN: 1550-AC26

Publication ID: Spring 2009

Title: ●Confidentiality of Suspicious Activity Reports
Abstract: OTS is proposing to amend regulations that implement the Bank Secrecy Act (BSA) governing the confidentiality of a suspicious activity report (SAR) to: (1) clarify the scope of the statutory prohibition on the disclosure by a financial institution of a report of a suspicious transaction, as it applies to savings associations and service corporations; (2) address the statutory prohibition on the disclosure by the government of a report of a suspicious transaction, as that prohibition applies to the OTS's standards governing the disclosure of SARs; (3) clarify the exclusive standard applicable to the disclosure of a SAR, or any information that would reveal the existence of a SAR, and (4) modify the safe harbor provision to include changes made by the USA PATRIOT Act.
Agency: Department of the Treasury(TREAS)	Priority: Substantive, Nonsignificant
RIN Status: First time published in the Unified Agenda	Agenda Stage of Rulemaking: Proposed Rule Stage
Major: No	Unfunded Mandates: No
CFR Citation: 12 CFR 510
Legal Authority: 12 USC 1462a 12 USC 1463 12 USC 1464

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	03/09/2009	74 FR 10139
NPRM Comment Period End	06/08/2009

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Small Entities Affected: No	Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Agency Contact: Louise Batdorf Analyst Department of the Treasury Office of Thrift Supervision 1700 G Street NW., Washington, DC 20552 Phone:202 906-7087 Email: louise.batdorf@ots.treas.gov Marvin L. Shaw Counsel Department of the Treasury 250 E Street, SW, Washington, DC 20219 Phone:202 927-9096 Margaret E. McPartlin Senior Attorney Department of the Treasury Office of Thrift Supervision 1700 G Street NW., Washington, DC 20552 Phone:202 906-6831