Treasury Renews Bank Data Sharing to Combat Terrorism
Published Date: 12/23/2025
Notice
Summary
The Treasury Department is asking for public feedback on continuing a rule that helps government agencies and banks share info to fight terrorism and money laundering. This rule asks banks to check their records when law enforcement suspects someone of bad activities. Comments are due by December 23, 2025, and there’s no new cost or changes—just keeping the system running smoothly.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Banks Must Keep Responding to 314(a) Requests
Treasury is asking to continue the FinCEN information-collection rule under Section 314(a) that requires financial institutions to search their records when a law enforcement agency certifies a person or entity is suspected of terrorism or money laundering. The submission is an extension without change (OMB Control Number 1506-0049); the agency estimates about 12,726 financial institutions will respond, with about 7,381,080 total annual responses, roughly 44 hours of burden per respondent, and 555,702 total annual burden hours. Comments are due by December 23, 2025.
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