CDD Requirements for Bank Secrecy Act

Its effective date is 06/11/2016 and date of the final CDD rule is May 11, 2018

https://www.fincen.gov/sites/default/files/2016-09/FAQs_for_CDD_Final_Rule_(7_15_16).pdf

FinCEN released SAR Stats for the past through December 2016

The number of SAR filing keeps increasing. See the details.

https://www.fincen.gov/sites/default/files/sar_report/2017-03-09/SAR%20Stats%203.pdf

FDIC issued Supervisory Insights to promote Risk Management titled “Credit Risk Trends and Supervisory Expectation Highlights”.

See details by clicking here.

https://www.fdic.gov/regulations/examinations/supervisory/insights/index.html