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FDIC RIN: 3064-AF56 Publication ID: Fall 2020 
Title: ●Exemptions to Suspicious Activity Report Requirements 
Abstract:

The FDIC is proposing a rule that would modify the requirements for FDIC-supervised institutions to file Suspicious Activity Reports.  The proposed rule would amend the FDIC’s Suspicious Activity Report regulations to allow the FDIC to issue exemptions from the requirements of those regulations.  The proposed rule makes it possible for the FDIC to grant relief to FDIC-supervised institutions that develop innovative solutions to meet Bank Secrecy Act requirements more efficiently and effectively.

 
Agency: Federal Deposit Insurance Corporation(FDIC)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: 12 CFR 353   
Legal Authority: 12 U.S.C. 1818    12 U.S.C. 1819    31 U.S.C. 5318   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  11/00/2020 
Additional Information: Comments: comments@fdic.gov. Please include RIN 3064-AF56 in the subject line of all communication.
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: https://www.fdic.gov/regulations/laws/federal/   Public Comment URL: https://www.fdic.gov/regulations/laws/federal/  
RIN Data Printed in the FR: No 
Related Agencies: Joint: TREAS/OCC, FRS; 
Agency Contact:
Constantine Lizas
Counsel
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20429
Phone:202 898-6925
Email: clizas@fdic.gov

John Lombardo
Senior Examination Specialist
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20429
Phone:202 898-6689
Email: jlombardo@fdic.gov