What is the FinCEN 314a list?
FinCEN’s regulations under Section 314(a) enable federal, state, local, and foreign (European Union) law enforcement agencies, through FinCEN, to reach out to more than 34,000 points of contact at more than 14,000 financial institutions to locate accounts and transactions of persons that may be involved in terrorism or …
What is Section 314a?
Section 314(a) of the USA PATRIOT ACT (implemented by 31 CFR 1010.520) encourages information sharing between law enforcement and financial institutions regarding individuals, entities, and organizations engaged in or reasonably suspected of engaging in terrorist activity or acts of money laundering.
What is 314a and 314b?
In BSA, information requests are commonly referred to as sections 314(a) and 314(b) of the USA Patriot Act. Section 314(a) requires financial institutions to react to mandatory information sharing requests issued by FinCEN compiled by various law enforcement agencies.
How do I request a 314a?
The financial institution should contact FinCEN’s 314 Program Office by e-mailing [email protected] to obtain prior information requests. If the financial institution discovers a positive match while performing a retroactive search, it should contact the 314 Program Office’s toll-free number at (866) 326-8314.
Who is subject to FinCEN?
The following financial institutions are required to file a FinCEN SAR: Banks (31 CFR §1020.320) including Bank and Financial Holding Companies (12 CFR § 225.4); Casinos and Card Clubs (31 CFR § 1021.320); Money Services Businesses (31 CFR § 1022.320); Brokers or Dealers in Securities (31 CFR § 1023.320); Mutual Funds …
What is FATF?
The Financial Action Task Force (FATF) is an inter-governmental policymaking body whose purpose is to establish international standards, and to develop and promote policies, both at national and international levels, to combat money laundering and the financing of terrorism.