---
kind: "section"
citation: "12 C.F.R. § 353.1"
title: "12"
number: "353.1"
heading: "Purpose and scope."
url: "https://uscodex.org/cfr/12/353.1"
---

# §353.1. Purpose and scope.


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

[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]