In “Banks Can Share Fraud Data in Real Time, FinCEN Says” (American Banker, 17 June 2026), Himamauli Das discusses the Financial Crimes Enforcement Network’s updated Section 314(b) fact sheet and its implications for banks seeking to share information about suspected fraud.
Him notes that the fact sheet gives financial institutions much of the clarity they have been seeking, explaining that it “unambiguously states that fraud is covered by the 314(b) safe harbor and provides legal reasoning to justify its conclusion.” While the guidance does not carry the same force as a law or regulation, he observes that its reasoning should give institutions greater confidence to proactively share fraud-related information, leaving banks with “fewer reasons not to participate” as fraud and identity theft continue to rise.
Read the American Banker article. Subscription may be required.