12 C.F.R. §21.11 - Suspicious Activity Report
| Cite as | 12 C.F.R. §21.11 |
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93 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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In re Seizure & Search of the Motor Yacht Tango, 22-SZ-5
...bank to adopt a customer identification program (i.e. , Know Your Customer ("KYC")) as part of its Bank Secrecy Act compliance program. 12 C.F.R. § 21.11 ; 12 C.F.R. § 21.21.21. FinCEN has issued guidance to U.S. financial institutions related to reporting of suspicious activity related to ......
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Agrifund, LLC v. Radar Ridge Planting Co., 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, 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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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......