On June 12, 2026, FinCEN released updated guidance to clarify how financial institutions can share information with each other about suspected fraud under section 314(b) of the USA PATRIOT Act. The guidance forms part of the Administration’s whole-of-government initiative to combat fraud and prevent criminals from taking advantage of individuals and businesses.
The updated guidance clarifies that financial institutions participating in the Section 314(b) program may share information concerning activities involving suspected fraud, money laundering, terrorist financing, and other specified unlawful activities with other eligible financial institutions to help identify illicit conduct. In addition, FinCEN issued a fact sheet outlining examples of information that may be shared, including video surveillance footage, cyber-related information such as IP addresses, and fraud indicators such as newly added payees followed by large transfers, multiple accounts using identical or similar identifying information, and login attempts originating from geographically distant locations.
Read the Treasury’s press release here.
The full Fact Sheet can be found here.