Tag Archives: financial institutions

Deterring Financial Crime with the Bank Secrecy Act

Money laundering, terrorist financing, and other illicit activities pose threats to national security and the integrity of the U.S. financial system. The Bank Secrecy Act (BSA) requires financial institutions—such as banks and money transmitters—to verify customers’ identities and report suspicious … Continue reading

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GAO’s Financial Markets and Community Investment Team

GAO’s workforce is generally organized into 14 mission teams. Today we’ll be putting the spotlight on the Financial Markets and Community Investment (FMCI) team. FMCI supports Congress by helping ensure the effectiveness of regulatory oversight in financial and housing markets, … Continue reading

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Podcast on Medical Credit Cards

Financial institutions offer medical credit cards through participating providers to pay for services not covered by health insurance. These services may include dental and cosmetic procedures, or veterinary care. Hear our latest podcast with Cindy Brown Barnes, a director in … Continue reading

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Tracking Progress on Financial Stability and Reform

In response to the worst financial crisis in more than 75 years, U.S. policymakers undertook wide-ranging reforms. For example, the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) aims, among other things:

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