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NCUA RIN: 3133-AF25 Publication ID: Spring 2023 
Title: 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.

Agency: National Credit Union Administration(NCUA)  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 748.1   
Legal Authority: 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   
Legal Deadline:  None
Action Date FR Cite
NPRM  01/22/2021  86 FR 6586   
NPRM Comment Period End  02/22/2021 
Final Action  06/00/2023 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL:  
RIN Data Printed in the FR: No 
Agency Contact:
Gira Bose
Senior Staff Attorney
National Credit Union Administration
1775 Duke Street,
Alexandria, VA 22314
Phone:703 518-6562
Fax:703 518-6569