FinCEN Issues Guidance to Help Financial Institutions Eliminate Fraud Through Information Sharing

Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued updated guidance to clarify how financial institutions can share information with each other about suspected fraud under section 314(b) of the USA PATRIOT Act.                

Treasury Press Release

• FinCEN Issues Guidance to Help Financial Institutions Eliminate Fraud Through Information Sharing

Fact Sheet

• Section 314(b) Fact Sheet

Financial Institutions can register here to share information about fraud under section 314(b)

• Financial Institutions | FinCEN.gov