Suspicious Activity Reporting: Joint Statement on Suspicious Activity Report Confidentiality Considerations Regarding Communications with Customers
Why this matters
This is a joint regulatory statement from OCC, Federal Reserve, FDIC, FinCEN, and NCUA that clarifies the scope and application of Bank Secrecy Act confidentiality requirements for SARs. It provides binding guidance on a compliance obligation (SAR confidentiality) while also clarifying what communications are permissible, directly affecting how banks must handle customer interactions. The statement applies broadly to all national banks, federal savings associations, and credit unions, making it significant for compliance operations.
AI-generated classification rationale, not a full analysis. Verify with the original OCC source before acting. Full disclaimer.
What the OCC said
On September 2, 2026, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network (FinCEN), and the National Credit Union Administration issued a statement to clarify confidentiality…
Extract from OCC . Read the full notice at the source for the authoritative text.
Context
Office of the Comptroller of the Currency (OCC) — Charters and supervises US national banks and federal savings associations. We track 49 updates from them.
US financial regulation is overseen by multiple agencies including the SEC, CFTC, Federal Reserve, OCC and FDIC. Browse all United States updates.
This update is classified under AML / Financial Crime, Reporting & Disclosure and Banking & Credit.