| Subject: |
Bank Secrecy Act/ Anti-Money Laundering |
|
| Description:
|
Suspicious Activity Report (SAR) Supporting Documentation |
|
Date: August 30, 2007 |
| TO: |
Chief Executive Officers, BSA Officers, and Compliance Officers of All National Banks; Federal Branches and Agencies; Technology Service Providers; Department and Division Heads; and All Examining Personnel.
|
On June 13, 2007, the Financial Crimes Enforcement Network (FinCEN) issued new guidance addressing SAR Supporting Documentation (see attached). The guidance clarifies three issues: BSA regulatory requirements as they relate to supporting documentation, what constitutes “supporting documentation,” and when legal process is required for supporting documentation disclosure.
/signed/
Ann F. Jaedicke
Deputy Comptroller for Compliance Policy
Attachment: FinCEN Guidance
[http://www.occ.treas.gov/ftp/bulletin/2007-34a.pdf]
|
|
|
