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Post by bot on Oct 31, 2013 15:53:22 GMT -5
FinCEN Promotes Information Sharing through Section 314(b) of the USA PATRIOT Act The Financial Crimes Enforcement Network (FinCEN) today issued a fact sheet on Section 314(b) of the USA PATRIOT Act. Section 314(b) provides financial institutions with the ability to share information with one another, under a safe harbor that offers protections from liability, in order to better identify and report potential money laundering or terrorist activities. The fact sheet is available at www.fincen.gov/statutes_regs/patriot/pdf/314bfactsheet.pdf . ###
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