Tag Archives: money laundering

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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Banking at the Border, Money Laundering, and “Derisking”

Banks are an important line of defense for fighting financial crimes. Banks and other financial institutions are subject to the Bank Secrecy Act, which helps federal law enforcement detect and deter the use of financial institutions for money laundering and … Continue reading

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