This bill allows financial institutions to share suspicious-activity reports with foreign branches and affiliates unless the foreign branch or affiliate is located in a jurisdiction that (1) is subject to countermeasures imposed by the federal government, or (2) has been deemed unable to protect the privacy and confidentiality of such information.
Administrative law and regulatory proceduresBanking and financial institutions regulationCorporate finance and managementDepartment of the TreasuryFraud offenses and financial crimesU.S. and foreign investmentsWhite-collar crime
To amend title 31, United States Code, with respect to sharing of suspicious activity reports within a financial group, and for other purposes.
USA115th CongressHR-6853| House
| Updated: 9/20/2018
This bill allows financial institutions to share suspicious-activity reports with foreign branches and affiliates unless the foreign branch or affiliate is located in a jurisdiction that (1) is subject to countermeasures imposed by the federal government, or (2) has been deemed unable to protect the privacy and confidentiality of such information.
Administrative law and regulatory proceduresBanking and financial institutions regulationCorporate finance and managementDepartment of the TreasuryFraud offenses and financial crimesU.S. and foreign investmentsWhite-collar crime