View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML
TREAS/OCC RIN: 1557-AE77 Publication ID: Fall 2020 
Title: Exemptions to Suspicious Activity Report Requirements 
Abstract:

The OCC plans to issue a proposed rule that would modify the requirements for national banks and Federal savings associations to file Suspicious Activity Reports. The proposed rule would amend the OCC’s Suspicious Activity Report regulations to allow the OCC to issue exemptions from the requirements of those regulations. The proposed rule makes it possible for the OCC to grant relief to national banks or federal savings associations that develop innovative solutions to meet Bank Secrecy Act requirements more efficiently and effectively.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: Undetermined 
EO 13771 Designation: Independent agency 
CFR Citation: 12 CFR 21    12 CFR 163   
Legal Authority: 12 U.S.C. 1    12 U.S.C. 93a    12 U.S.C. 1462a    12 U.S.C. 1463    12 U.S.C. 1464    12 U.S.C. 1467a    12 U.S.C. 1817    12 U.S.C. 1818    12 U.S.C. 1820    12 U.S.C. 1828    12 U.S.C. 1831o    12 U.S.C. 1881 to 1884    12 U.S.C. 3401 to 3422    12 U.S.C. 3806    12 U.S.C. 5101 et seq.    12 U.S.C. 5412(b)(2)(B)    31 U.S.C. 5318    42 U.S.C. 4106   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  11/00/2020 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Henry Barkhausen
Counsel
Department of the Treasury
Comptroller of the Currency
Chief Counsel's Office, 400 7th Street SW.,
Washington, DC 20219
Phone:202 649-7191
Email: henry.barkhausen@occ.treas.gov