12 CFR § 353.1 - Purpose and scope.

---
identifier: "/us/cfr/t12/s353.1"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 353.1 - Purpose and scope."
title_number: 12
title_name: "Banks and Banking"
section_number: "353.1"
section_name: "Purpose and scope."
chapter_name: "FEDERAL DEPOSIT INSURANCE CORPORATION"
subchapter_number: "B"
subchapter_name: "REGULATIONS AND STATEMENTS OF GENERAL POLICY"
part_number: "353"
part_name: "SUSPICIOUS ACTIVITY REPORTS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1818, 1819; 31 U.S.C. 5318."
regulatory_source: "61 FR 6099, Feb. 16, 1996, unless otherwise noted."
cfr_part: "353"
---


# 353.1 Purpose and scope.

The purpose of this part is to ensure that an FDIC supervised institution files a Suspicious Activity Report when it detects a known or suspected criminal violation of federal law or a suspicious transaction related to a money laundering activity or a violation of the Bank Secrecy Act. This part applies to all FDIC supervised institutions.

[85 FR 3247, Jan. 21, 2020]