BANK SECRECY ACT Sharing Suspicious Activity Reports With Controlling Companies

Bank Secrecy Act (BSA)Federal Deposit Insurance Corporation (FDIC)
Financial Crimes Enforcement Network (FINCEN)
Office of the Comptroller of the Currency (OCC)
Office of Thrift Supervision (OTS)Identity Theft
Risk Management

The Financial Crimes Enforcement Network and the federal banking agencies – the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision – are issuing the attached guidance to notify institutions when a Suspicious Activity Report (SAR) can be shared with a holding company or other controlling company, or with the head office of a U.S. branch or agency of a foreign bank.

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