BSA (Bank Secrecy Act – US)
Enacted in 1970, the BSA is the foundation of US AML law. It requires financial institutions to maintain records, report large currency transactions (CTRs), and file SARs. The BSA underpins FinCEN’s regulatory authority.
Enacted in 1970, the BSA is the foundation of US AML law. It requires financial institutions to maintain records, report large currency transactions (CTRs), and file SARs. The BSA underpins FinCEN’s regulatory authority.