Regulatory Alerts2026-07-09 | FIL-34-2026Added · Updated
FDIC Encourages Voluntary Information Sharing Under 314(b) of the USA PATRIOT Act
The FDIC encourages all supervised financial institutions to participate in FinCEN’s section 314(b) program to voluntarily share information regarding fraud, money laundering, and other illicit activities. This initiative leverages updated guidance that permits real-time sharing of diverse data types, including video footage and cyber-related indicators, to identify repeat actors and cross-institutional schemes. Institutions must maintain adequate security and confidentiality procedures while utilizing this connectivity to mitigate potential losses and enhance suspicious activity detection.