Regulatory Alerts2021-02-24 | FinCEN Notice FIN-2021-NTC1Added
Consolidated COVID-19 Suspicious Activity Report Key Terms and Filing Instructions
The Financial Crimes Enforcement Network consolidates filing instructions and key terms for suspicious activity reports involving fraudulent activities, crimes, and cyber or ransomware attacks related to Coronavirus Disease 2019. Financial institutions are required to consult provided tables to use specific keywords and FinCEN identification numbers in Field 2 of their filings for government programs and other COVID-19-related crimes. The notice also updates guidance regarding safe harbor protections for private-sector information sharing under Section 314(b) of the USA PATRIOT Act.