Skip to main content
U.S. flag
An official website of the United States government
Dot gov
The .gov means it’s official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
Https
The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
INACTIVE
This page is no longer active. Its content has expired or been rescinded by the FDIC.
Financial Institution Letter
BANK SECRECY ACT COMPLIANCE
January 12, 2001
Notes
 

TO: CHIEF EXECUTIVE OFFICER
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 www.fincen.gov/ .

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 www.fdic.gov 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).


FIL-4-2001
Last Updated: January 12, 2001