View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML

TREAS/OCC RIN: 1557-AE77 Publication ID: Fall 2021 
Title: Exemptions to Suspicious Activity Report Requirements 

The OCC issued 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: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
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
Action Date FR Cite
NPRM  01/22/2021  86 FR 6572   
NPRM Comment Period End  02/22/2021 
Final Rule  12/00/2021 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL:   Public Comment URL:  
RIN Data Printed in the FR: No 
Agency Contact:
Henry Barkhausen
Department of the Treasury
Comptroller of the Currency
Chief Counsel's Office, 400 7th Street SW.,
Washington, DC 20219
Phone:202 649-7191