12 CFR 21.11 - Suspicious Activity Report

Cite as12 CFR 21.11
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159 practice notes
  • Response programs for unauthorized access to customer information and customer notice; interagency guidance,
    • United States
    • Federal Register March 29, 2005
    • March 29, 2005
    ...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......
  • Regulatory Agenda Semiannual Regulatory Agenda, The Regulatory Plan
    • United States
    • Federal Register December 07, 2009
    • December 7, 2009
    ...a suspicious activity report (SAR) will be governed by the standards set forth in proposed amendments to the OCC's SAR regulation, 12 CFR 21.11(k), that are part of a separate, but simultaneously issued, rulemaking. A notice Page 64311 proposed rulemaking was published on March 9, 2009 (74 ......
  • Regulatory Agenda:
    • United States
    • Federal Register December 20, 2010
    • December 20, 2010
    ...Standards Governing the Release of a Suspicious Activity Report (12 CFR part 4). Confidentiality of Suspicious Activity Reports (12 CFR part 21). The OCC is issuing final regulations governing the release of non- public OCC information set forth in 12 CFR part 4, subpart C. The final rule c......
  • Transfer and Redesignation of Certain Regulations Involving State Savings Associations:
    • United States
    • Federal Register August 05, 2011
    • August 5, 2011
    ...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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84 cases
  • Dusek v. JPMorgan Chase & Co., Case No. 2:14–cv–184–FtM–29CM.
    • United States
    • United States District Courts. 11th Circuit. United States District Court of Middle District of Florida
    • September 17, 2015
    ..."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......
  • Agrifund, LLC v. Radar Ridge Planting Co., No. 52,432-CA
    • United States
    • Court of Appeal of Louisiana (US)
    • July 17, 2019
    ...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......
  • Wells Fargo Bank v. Arizona Laborers, No. CV-00-0062-PR.
    • United States
    • Supreme Court of Arizona
    • January 18, 2002
    ...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......
  • Marino v. Gulf Coast Bank & Trust Co., No. 15–CA–307.
    • United States
    • Court of Appeal of Louisiana (US)
    • December 23, 2015
    ...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
2 books & journal articles
  • Financial Sector Executives as Targets for Money Laundering Liability
    • United States
    • American Business Law Journal Nbr. 52-3, September 2015
    • September 1, 2015
    ...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......
  • Sustaining the Growth of Mobile Money Services in Developing Nations: Lessons from Overregulation in the United States.
    • United States
    • Vanderbilt Journal of Transnational Law Vol. 51 Nbr. 4, October 2018
    • October 1, 2018
    ...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......

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