Does the rule mandate a change in the circumstances or procedures for submitting suspicious activity reports (SARs)?
No, nothing in the rule modifies any requirement imposed on you by other applicable law or regulation to file a SAR with the appropriate authorities. Who should you contact if you have further questions? The requirements of this rule will be exclusively enforced by your Federal functional regulator. For example, the National Credit Union Administration will be responsible for enforcing the rule with respect to federally insured credit unions, the Office of Thrift Supervision will be responsible with respect to federal thrifts, the Office of Comptroller of the Currency will be responsible with respect to national banks, the Federal Reserve Board will be responsible with respect to State member banks, and the Federal Deposit Insurance Corporation will be responsible with respect to State nonmember banks. The Securities and Exchange Commission and Commodity Futures Trading Commission will be responsible for regulatory enforcement for their respective institutions that are non-exempt parti
