Docy Child


Bank Secrecy Act (BSA)

Estimated reading: 1 minute 24 views

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.

 

Disclaimer: All content is only for technology education & knowledge sharing purpose, from mentioned sources. There is no endorsement of any products or service. The names and logos of third party products and companies shown and used in the materials are the property of their respective owners and may also be trademarks.
CONTENTS
Share to...