§353.1. Purpose and scope.
12 C.F.R. § 353.1
The purpose of this part is to ensure that an FDIC supervised institution files a Suspicious Activity Report when it detects a known or suspected criminal violation of federal law or a suspicious transaction related to a money laundering activity or a violation of the Bank Secrecy Act. This part applies to all FDIC supervised institutions.
Notes, amendments, and revision history
Amendments
[85 FR 3247, Jan. 21, 2020]
Authority
Authority: 12 U.S.C. 1818, 1819; 31 U.S.C. 5318.
Source
Source: 61 FR 6099, Feb. 16, 1996, unless otherwise noted.
Amendments
[85 FR 3247, Jan. 21, 2020]