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TREAS/OCC

RIN: 1557-AD17

Publication ID: Spring 2009

Title: ●Confidentiality of Suspicious Activity Report
Abstract: The OCC is proposing to amend its regulations implementing the Bank Secrecy Act governing the confidentiality of a suspicious activity report (SAR) to clarify the scope of the statutory prohibition on the disclosure by a national bank of a SAR and implement a statutory expansion of the safe harbor shielding national banks from liability for disclosures of SAR information to the government. The proposal would also implement the statutory prohibition on the disclosure by the government of a SAR "except to fulfill official duties." The proposal is based upon a notice of proposed rulemaking that was published contemporaneously by the Financial Crimes Enforcement Network.
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 21
Legal Authority: 12 USC 93a 12 USC 1818 12 USC 1881 to 1884 12 USC 3401 to 3422 31 USC 5318

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	03/09/2009	74 FR 10130
NPRM Comment Period End	06/08/2009

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Agency Contact: Rebecca Smith Attorney Department of the Treasury Comptroller of the Currency 250 E Street SW., Washington, DC 20219 Phone:202 874-4835 Email: rebecca.smith@occ.treas.gov