07/10/2026

Notification: FinCEN Guidance on Voluntary Information Sharing

OCC

The Office of the Comptroller of the Currency (OCC) is highlighting the updated Section 314(b) Fact Sheet recently issued by the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). Among other guidance, FinCEN’s updated Section 314(b) Fact Sheet clarifies how financial institutions can share information with each other about suspected fraud under section 314(b) of the USA PATRIOT Act (section 314(b)), which provides financial institutions with the ability to share information with one another, under a safe harbor that offers protections from liability, to improve the identification and reporting of activities that may involve money laundering or terrorist activities.

The OCC remains committed to addressing fraudulent activities that can harm banks and consumers, and the updated Section 314(b) Fact Sheet supports this administration’s whole-of-government efforts to combat fraud. Consistent with these priorities, the OCC continues to encourage banks to voluntarily share information about suspected fraud and other illicit financial activity under section 314(b).