12 CFR 353.1

§ 353.1 Purpose and scope.

United States · 12 CFR — Banks and Banking · Status: effective

Cite this

Citation: 12 CFR 353.1, § 353.1 Purpose and scope, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/46974
Permanent ID: ys:prov:46974@1
SHA-256: 4c2c55ad4838406d7de8186b3844ba72ddbc3b3f8b827d2cceb59c143ba1bdc6

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Full text

The purpose of this part is to ensure that an FDIC supervised institution files a Suspicious Activity Report when it detects a known or suspected criminal violation of federal law or a suspicious transaction related to a money laundering activity or a violation of the Bank Secrecy Act. This part applies to all FDIC supervised institutions.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.