View Rule

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

FDIC RIN: 3064-AF56 Publication ID: Spring 2022 
Title: Exemptions to Suspicious Activity Report Requirements 
Abstract:

The FDIC is issuing a final rule to modify the requirements for FDIC-supervised institutions to file Suspicious Activity Reports.  The final rule amends the FDIC’s Suspicious Activity Report regulations to allow the FDIC to issue exemptions from the requirements of those regulations.  The final 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: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
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  01/22/2021  86 FR 6580   
NPRM Comment Period End  02/22/2021 
Final Rule  09/00/2022 
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:
Sam Ozek
Supervisory Counsel
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20429
Phone:202 898-6736
Email: sozeck@fdic.gov

Lisa Arquette
Associate Director
Federal Deposit Insurance Corporation
550 17th Street, NW,
Washington, DC 20429
Phone:703 254-0357
Email: larquette@fdic.gov

Michael Benardo
Chief, Cyber Fraud and Financial Crimes Section
Federal Deposit Insurance Corporation
550 17th Street NW,
Washington, DC 20429
Phone:703 254-0379
Email: mbenardo@fdic.gov