3133-AF25 202304 Unified Agenda of Federal Regulatory and Deregulatory Actions 3133 National Credit Union Administration NCUA Bank Secrecy Act

The NCUA Board (Board) issued a proposed rule that modified the requirements for federally insured credit unions (FICUs) to file Suspicious Activity Reports (SARs). The proposed rule would amend the NCUA’s SARs regulation to allow the Board to issue exemptions from the requirements of that regulation in order to grant relief to FICUs that develop innovative solutions to meet the requirements of the Bank Secrecy Act. The comment period has closed, and the Board is reviewing the comments.

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Final Rule Stage Undetermined No 12 CFR 748.1 12 U.S.C. 1766(a) 12 U.S.C. 1786(q) 15 U.S.C. 6801 to 6809 31 U.S.C. 5311 31 U.S.C. 5318 No NPRM 01/22/2021 86 FR 6586 NPRM Comment Period End 02/22/2021 Final Action 06/00/2023 No No None No No https://www.ncua.gov/regulation-supervision/rulemakings-proposals-comment No No Gira Bose Senior Staff Attorney 3133 National Credit Union Administration NCUA 703 518-6562 703 518-6569 gbose@ncua.gov 1775 Duke Street, Alexandria VA 22314