Bank Secrecy Act
What is the Bank Secrecy Act? The Bank Secrecy Act or ‘BSA‘ is the primary U.S. anti-money laundering regulatory statute (Title 31, U.S. Code Sections 5311- 5355) enacted in 1970 and most notably amended by the USA PATRIOT Act in 2001 in response to the terrorism threat of 9/11. Money laundering (ML) is a big