Interagency Statement on Reorganization of FinCEN’s Bank Secrecy Act
March 9, 2011
Circular No. 12291

The Federal Reserve, together with the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, the Office of Thrift Supervision and the State Liaison Committee of the Federal Financial Institutions Examination Council, has issued the attached interagency statement entitled Reorganization of FinCEN’s Bank Secrecy Act Regulations.

The interagency statement reminds banks of the upcoming change, and advises banks to consider the effect of the regulations’ new organization and numbering scheme on the bank’s policies, publications, training materials, and automated systems or databases.

The interagency statement also notifies banks that the federal and state banking regulators will be using the new citations to document violations of FinCEN’s regulations for examinations beginning on or after March 1, 2011.

See SR letter for full details.

SR 11-4 offsite