FinCEN issues updated guidance on fraud-related info sharing
June 15, 2026 / By ICBA
The Financial Crimes Enforcement Network released updated guidance to clarify how financial institutions can share information with each other about suspected fraud under section 314(b) of the USA PATRIOT Act.
Details: FinCEN’s updated guidance clarifies that financial institutions may share information about activity involving suspected fraud, money laundering, terrorist financing, or other specified unlawful activities with any other financial institution eligible to participate in the section 314(b) program.
Fact Sheet: FinCEN released a fact sheet that includes examples of the type of information institutions can share with each other under section 314(b), including video surveillance footage, cyber-related data, and fraud indicators.
More from Independent Banker: An Independent Banker article published last year details how community banks are increasingly sharing information with their peers about suspected money laundering or terrorist financing under Section 314(b).
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