12 CFR 21.11 - Suspicious Activity Report
| Cite as | 12 CFR 21.11 |
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160 practice notes
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Response programs for unauthorized access to customer information and customer notice; interagency guidance,
...the sake of clarity, the final Guidance discusses notice to regulators and notice to law enforcement in two separate bulleted items. \16\ 12 CFR 21.11 (national banks, Federal branches and agencies); 12 CFR 208.62 (State member banks); 12 CFR 211.5(k) (Edge and agreement corporations); 12 C......
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Transfer and Redesignation of Certain Regulations Involving State Savings Associations:
...violation is ongoing; \12\ An institution's obligation to file a SAR is set out in the Agencies' SAR regulations and Agency guidance. See 12 CFR 21.11 (national banks, Federal branches and agencies); 12 CFR 208.62 (State member banks); 12 CFR 211.5(k) (Edge and agreement corporations); 12 C......
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Transferred OTS Regulations Regarding Safety and Soundness Guidelines and Compliance Procedures and Amendments
...1999. \12\ An institution's obligations to file a SAR is set out in the Agencies' SAR regulations and Agency guidance. See, for example, 12 CFR 21.11 (national banks, Federal branches and agencies); 12 CFR 163.180 (Federal savings associations); 12 CFR 208.62 (State member banks); 12 CFR 21......
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Removal of Transferred OTS Regulations Regarding Safety and Soundness Guidelines and Compliance Procedures; Rules on Safety and Soundness
...1999. \12\ An institution's obligations to file a SAR is set out in the Agencies' SAR regulations and Agency guidance. See, for example, 12 CFR 21.11 (national banks, Federal branches and agencies); 12 CFR 163.180 (Federal savings associations); 12 CFR 208.62 (State member banks); 12 CFR 21......
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85 cases
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Dusek v. JPMorgan Chase & Co., Case No. 2:14–cv–184–FtM–29CM.
..."to facilitate a criminal transaction, and the bank has a substantial basis for identifying a possible suspect or group of suspects." 12 C.F.R. § 21.11(c)(2). If a transaction involves or aggregates $25,000 or more in funds or other assets, a bank must file a SAR whenever it "detects any kn......
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Agrifund, LLC v. Radar Ridge Planting Co., No. 52,432-CA
...this number are transposed in some of Agrifund's filings.4 In its later briefs, Agrifund contends that the requirement referred to is 12 C.F.R. § 21.11, which sets forth the circumstances in which banks are required to file "suspicious activities reports."5 Agrifund relied on the case of Ku......
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Wells Fargo Bank v. Arizona Laborers, No. CV-00-0062-PR.
...banking officials as required by federal regulations, where the Bank was admittedly knowledgeable of the false financial statement. See 12 C.F.R. § 21.11 ¶ 11 Finally, on June 29, 1990, against the background of a real estate market suffocating from defaulted loans and foreclosures and with......
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Marino v. Gulf Coast Bank & Trust Co., No. 15–CA–307.
...Gulf Coast Bank to disclose certain information in accordance to any federal statute or rule. The provisions of 31 U.S.C. § 5318(g) and 12 C.F.R. §§ 21.11, 208.62, 353.3, and 31 C.F.R. § 1020.320 require financial institutions to report suspicious activity associated with known or suspected......
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20 firm's commentaries
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Anti-Money Laundering and Sanctions: Trends and Developments Emerging Under the Trump Administration
...Bank of China (New York branch) entered into a consent order for a $12.5 million penalty related to the New York branch’s violations of 12 C.F.R. §§ 21.11 and 21.21.208 The OCC identified deficiencies in the branch’s BSA/AML compliance programs that resulted in violations, including failure......
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Implications of the EU General Data Privacy Regulation for US Anti-Money Laundering and Economic Sanctions Compliance
...Article 83(4)-(5). 19. See GDPR Article 84(1). 20. See 31 U.S.C. § 5321; 31 U.S.C. § 5322; 31 CFR Appendix A to Part 501; 12 CFR § 12.21; 12 CFR § 21.11; 12 CFR § 163.180. 21. See 31 U.S.C. § 5311 et seq. 22. See 31 C.F.R. Subt. B, Ch. X. 23. 31 U.S.C. § 5312(a)(2) and (c)(1). See 31 C.F.R.......
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Is Money Being Laundered Through Your Financial Institution Using Daily Fantasy Sports Sites?
...31 U.S.C. §§ 5312(a)(2), 5318(g) and its implementing regulation, 31 C.F.R. Ch. X; 12 C.F.R. §§ 21.11, 163.180, 208.62, 353.3, [10] http://www.fincen.gov/forms/files/FinCEN%20SAR%20ElectronicFilingInstructions-%20Stand%20Alone%20doc.pdf. [11]...
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FinCEN Issues Guidance On FATFs Designation Of Jurisdictions With AML/CFT Deficiencies
...31 U.S.C. § 5318A(b)(1)-(5). 23 Id. 24 See 31 U.S.C.§ 5318(g); 31 C.F.R. § 1023.320 (governing SAR reporting by broker-dealers); 12 C.F.R. § 21.11 (governing SAR reporting by national banks); 12 C.F.R. § 163.180 (governing SAR reporting by federal savings associations); 12 C.F.R. § 208.62 (......
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2 books & journal articles
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Financial Sector Executives as Targets for Money Laundering Liability
...U.S.C. § 1956(a).87See Housing and Community Development Act of 1992, Pub. L. No. 102-550, § 1500,106 Stat. 3672, 4059–60 (1993).8812 C.F.R. § 21.11 (2015).89See Gregory, supra note 44, at 28; Boyer & Light, supra note 1, at 99 (“The purpose ofSAR reporting is to make available to law enfor......
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Sustaining the Growth of Mobile Money Services in Developing Nations: Lessons from Overregulation in the United States.
...suspect; and transactions aggregating to $5,000 or more that involve potential money laundering or violations of the BSA. BSA. 12 C.F.R. 21.11(c). Appendix A FATF Recommendations AML Program Countries must implement laws requiring FIs to create and implement an AML program that takes into a......