FINANCIAL INSTITUTION LETTER | SEPTEMBER 2, 2026

Joint Statement on Suspicious Activity Report Confidentiality Considerations Regarding Communications with Customers

Summary:

The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency (collectively, the Agencies), and the Financial Crimes Enforcement Network are issuing this statement to clarify confidentiality requirements related to Suspicious Activity Reports (SARs). This joint statement is particularly relevant when banks communicate with their customers regarding potentially fraudulent transactions, other suspicious activity (e.g., payment fraud, including check fraud), or account closures.

Statement of Applicability:

The contents of, and material referenced in, this FIL apply to all FDIC-insured financial institutions.

Distribution:

FDIC-Insured Financial Institutions.

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