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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

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Inactive Financial Institution Letters


January 12, 2001

SUBJECT: Frequently Asked Bank Secrecy Act Questions

The Financial Crimes Enforcement Network (FinCEN) has recently published answers to frequently asked Bank Secrecy Act (BSA) questions. Several Suspicious Activity Report (SAR) issues also are addressed. A hard copy is attached for your information. Additional questions and answers will be posted on FinCEN's Web site periodically. This and other information about BSA and SAR compliance may be found on the Web site at

If you have BSA questions, you may contact FinCEN's Regulatory Helpline at 1-800-949-2732. Leave a message with your name, your financial institution's name, and a telephone number, and a member of the FinCEN staff will return your call promptly.

For your reference, all FDIC Financial Institution Letters published since January of 1995 may be found on the FDIC's Web site at under "News, Events & FOIA."

  Michael J. Zamorski
  Acting Director

Attachment: Answers to Frequently Asked Bank Secrecy Act (BSA) Questions

Distribution: FDIC-Supervised Banks (Commercial and Savings)

NOTE: Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (800-276-6003 or (703) 562-2200).

Last Updated 03/06/2008

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