Davis Polk partner Dan Stipano was quoted in MoneyLaundering.com on the OCC’s adoption of a rule that will allow the agency to issue exemptions from the requirements of its SAR regulations. Dan noted that “the final rule will help the agency support efforts by financial institutions to streamline filings of less complex SARs and modernize their technology for adhering to reporting standards.”

“OCC Finalizes Authority to Exempt Banks from SAR Reporting Requirements,” MoneyLaundering.com, (March 16, 2022) (subscription required)

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