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Concept information

Preferred term

Bank Secrecy Act  

Definition

  • The Currency and Foreign Transactions Reporting Act of 1970 (Bank Secrecy Act, or BSA) is a federal law that requires financial institutions to help the U.S. government prevent, detect, and respond to money laundering. The Money Laundering Control Act of 1986 amended the BSA by criminalizing money laundering. [Source: Encyclopedia of White-Collar and Corporate Crime; Bank Secrecy Act]

Broader concept

Belongs to group

URI

http://data.loterre.fr/ark:/67375/N9J-TJR0SZ9P-P

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