314a And 314b Information-Sharing Requirements Updates

Newest FinCEN Guidance on Section 314 and Illegal Activity: Learn the Guidance for Collaborating With Other Institutions

In December, FinCEN released new guidance on applying section 314 of the U.S. Patriot Act governing information sharing. The global pandemic and changes to anti-money laundering regulations require you to adapt your practices.

Financial institutions are encouraged to share customer and transaction details to enhance compliance with anti-money laundering/counter-terrorist financing requirements. You need to understand what information you may share, when you should share it, and how to communicate with other financial institutions.

Financial compliance expert Michael Schidlow will detail the recent and potential changes to these regulations. You will look at SAR and CTR filings through the lens of a strong 314a and 314b information-sharing program.