ABSTRACT

Financial Crimes Enforcement Network Guidance: Guidance on the Scope of Permissible Information Sharing Covered by Section 314(b) Safe Harbor of the USA PATRIOT Act, June 16, 2009   [open pdf - 63KB]

"The Financial Crimes Enforcement Network ('FinCEN') is issuing this interpretive guidance to clarify the application of the rule implementing section 314(b) (the '314(b) rule')1 of the USA PATRIOT Act (the 'Act').2 Specifically, this guidance clarifies that a financial institution participating in the section 314(b) program may share information relating to transactions that the institution suspects may involve the proceeds of one or more specified unlawful activities ('SUAs') and such an institution will still remain within the protection of the section 314(b) safe harbor from liability."

Report Number:
FinCEN Guidance FIN-2009-G002
Publisher:
Date:
2009-06-16
Copyright:
Public Domain
Retrieved From:
Financial Crimes Enforcement Network: http://www.fincen.gov
Format:
pdf
Media Type:
application/pdf
URL:
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