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Financial Institution Letters

FinCEN's Secure Information Sharing System
Point of Contact Changes With June Call Report
FIL-57-2005
July 1, 2005


Summary: The number of contacts that a financial institution can utilize for FinCEN's Web-based USA PATRIOT Act Secure Information Sharing System will increase with the June Call Report.

Highlights:
  • Since the March 1, 2005, implementation of the Department of the Treasury's Financial Crimes Enforcement Network's (FinCEN) Secure Information Sharing System (SISS), financial institutions' Section 314(a) points of contact should be receiving biweekly e-mail notifications about new information available on the SISS Web site for their review.
  • The Federal Financial Institutions Examination Council (FFIEC) Call Report will change beginning June 30, 2005, to allow institutions to include up to four points of contact an increase from the previous two points of contact.
  • FinCEN will use the point of contact names to verify users before beginning discussions about 314(a) data or other issues.
  • Third-party service providers cannot be listed as points of contact. A financial institution can share the 314(a) data with the service provider after it is received, subject to confidentiality agreements.
  • Financial institutions receiving FinCEN information by fax will continue to receive information by fax unless they ask to receive the Section 314(a) notifications via e-mail.
  • Changes to Section 314(a) point of contact information must be made through the quarterly Call Report. For more information, contact 1-800-688-FDIC or insurance-research@fdic.gov.
  • Please distribute this information to the appropriate personnel in your institution. For further information, please contact FinCEN's 314 Program Office at 1-800-949-2732, option 2, or sys314a@fincen.treas.gov.

Distribution:
FDIC-Supervised Banks (Commercial and Savings)

Suggested Routing:
Chief Executive Officer
BSA Compliance Officer

Related Topics:
Suspicious Activity Reports

Attachment:
None

Contact:
Senior Program Analyst Charles Collier at SASFIL@FDIC.gov or 202-898-3673.

Printable Format:
FIL-57-2005 – PDF 35k (PDF Help)

Note:
FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2005/index.html.

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Paper copies of FDIC FILs may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342 or (703) 562-2200).



Financial Institution Letters
FIL-57-2005
July 1, 2005

FinCEN's Secure Information Sharing System
Point of Contact Changes With June Call Report

On March 1, 2005, the Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) released the Secure Information Sharing System (SISS) for Section 314(a) information. Financial institutions should be receiving biweekly e-mail notifications about new information that has been posted on the SISS Web site for their review. Beginning with the June 30, 2005, Federal Financial Institutions Examination Council (FFIEC) Call Report, institutions will be allowed to include up to four points of contact an increase from the previous limit of two for USA PATRIOT Act Section 314(a) reviews.

Financial institutions are responsible for ensuring that staff working on 314(a) issues are listed as points of contact. FinCEN will use the contact names to verify users before beginning discussions about 314(a) data or other issues. The additional contacts on the Call Report increase the number of employees that an institution may use to work with FinCEN on 314(a) matters.

Financial institutions are reminded that third-party service providers cannot be listed as points of contact. A financial institution can share the 314(a) data with the service provider after it is received, subject to confidentiality agreements. SISS can only be accessed by those individuals who have been designated as Section 314(a) points of contact.

Changes to Section 314(a) point of contact information must be made through the quarterly Call Report. For more information, contact 1-800-688-FDIC or insurance-research@fdic.gov.

Banks receiving FinCEN information by fax will continue to receive information by fax unless they ask to receive the Section 314(a) notifications via e-mail.

Please distribute this information to the appropriate personnel in your institution. For further information, please contact FinCEN's 314 Program Office at 1-800-949-2732, option 2, or sys314a@fincen.treas.gov.

Michael J. Zamorski
Director
Division of Supervision and Consumer Protection



Last Updated 7/1/2005 communications@fdic.gov