The Bank Secrecy Act and the protections it’s meant to enforce have been at the heart of regulators’ recent high-profile examinations at several large U.S. banks.

Money talks, and the government listens. Under the Bank Secrecy Act, federal authorities can turn any bank account into a window on our private spending. But that may soon change. A family business in ...

Georgia Rep. Barry Loudermilk and nine other House Republicans have sponsored a bill called the Financial Reporting Threshold Modernization Act, which would raise the currency transaction ...

The problem stems from a series of laws now known as the "Bank Secrecy Act regime." Beginning in 1970, the Bank Secrecy Act made two major changes to the financial system.

Eugenio, Jr. (GR 174629, Feb. 14, 2008), the Supreme Court emphasized that while exceptions to the Bank Secrecy Act exist, there is a clear disfavor toward interpreting these exceptions in a way ...

The Bank Secrecy Act was passed by Congress in 1970 to fight money laundering in the U.S. Under the Act, financial institutions are required to report cash transactions over $10,000.

Trump granted pardons to co-founders Benjamin Delo, Arthur Hayes and Samuel Reed, who had pleaded guilty in 2022 for failing to implement a Bank Secrecy Act-compliant anti-money laundering program.

October 28, 2024 Landmark Bank Secrecy Act Resolution Signals Increasing Focus on Banks’ Anti-Money Laundering Compliance ...

Thus, the Bank Secrecy Act (BSA) was born. Under the BSA, banks are required to report any cash transaction of $10,000 or more to the Financial Crimes Enforcement Network (FinCEN).