Regulatory Alerts2026-07-09 | SR 26-3Added · Updated
SR 26-3: Guidance Clarifying Fraud-Related Information Sharing Under Section 314(b) of the USA PATRIOT Act
The Federal Reserve issued this letter to highlight FinCEN's June 12, 2026 guidance clarifying how financial institutions may share suspected fraud information under Section 314(b) of the USA PATRIOT Act. The guidance responds to industry feedback regarding payments fraud and reinforces the voluntary nature of the information-sharing program, which provides a liability safe harbor to help institutions manage illicit financing risks. Reserve Banks are directed to distribute this notice to supervised institutions and supervisory staff to facilitate compliance and risk management.