Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
OCC proposes SAR filing exemptions
The OCC has invited comment on a proposed rule that would modify the requirements for national banks and federal savings associations to file suspicious activity reports. The proposal would amend the agency’s SAR regulations to allow the agency to issue exemptions from the requirements of those regulations. The OCC would be able to grant relief to national banks or federal savings associations that develop innovative solutions intended to meet Bank Secrecy Act requirements more efficiently and effectively. For exemption requests from the OCC’s SAR regulation that would also require an exemption from FinCEN’s SAR rules, the request would have to be filed with both the OCC and FinCEN.
Comments will be accepted for 30 days following publication in the Federal Register.