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Bank Secrecy Act (BSA)

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A US law, originally passed in 1970 and amended multiple times over the years, most extensively by the USA PATRIOT Act of 2001, requiring financial institutions to aid the US government in detecting money laundering and terrorism finance. Despite its name, the BSA applies to more than just banks: casinos,
MSBs, Broker-Dealers, commodities brokers, and more all must comply with certain obligations. The BSA is enforced by FinCEN.


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