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FINANCIAL INSTITUTION LETTER | JULY 9, 2026 |
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Summary:
On June 12, 2026, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued updated guidance clarifying how financial institutions can voluntarily share information under section 314(b) of the USA PATRIOT Act. The FDIC recognizes fraud and other unlawful activity are a significant and growing concern nationwide for banks and consumers, and the FDIC encourages financial institutions to participate in the 314(b) program as a means to share information, mitigate potential losses, or increase suspicious activity detection.
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Statement of Applicability:
The contents of, and material referenced in, this FIL apply to all FDIC-supervised financial institutions.
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Distribution:
FDIC-Supervised Institutions
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