Bank Secrecy Act / Anti-Money Laundering (BSA/AML) BSA-REC-4: Information Sharing (Section 314)

Section 314(a) of the USA PATRIOT Act enables FinCEN to require financial institutions to search records for accounts matching subjects of investigations. Section 314(b) provides a voluntary sharing mechanism between institutions and law enforcement (31 CFR 1010.520, 1010.540).