On 11 August, the American Bankers Association reported on FinCEN’s international SAR exchange proposal which would allow US banks to share suspicious activity reports with branches, subsidiaries, and affiliates located in foreign countries, excluding those considered a state sponsor of terrorism. Previously, the Bank Secrecy Act restricted this cross-border exchange of information as international units of US banks were branded as foreign banks.
See also –
https://bankingjournal.aba.com/2022/01/fincen-proposes-sar-information-sharing-pilot-program/
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