The Bank Secrecy Act recently celebrated its 50th birthday. Established on October 26, 1970, it has become one of the most important anti-money laundering tools in the United States and has set ...

It turns out the federal government has conducted tons of these warrantless searches—more than 200,000 in 2022 alone—of Americans’ phone calls, emails, and texts.

BankThink It’s time to modernize the Bank Secrecy Act By Blaine Luetkemeyer Steve Pearce June 13, 2018, 10:28 a.m. EDT 5 Min Read ...

Bank deposits over a certain amount trigger automatic IRS reports. Here’s what you should know before making a large cash deposit.

The Bank Secrecy Act allows for the bulk collection of American's financial data. It's time to narrow its scope. The US is on the brink of enacting rules for digital assets, with growing ...

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 ...

The Bank Secrecy Act of 1970 requires banks to file a report with the federal government if a customer deposits or withdraws more than $10,000 in cash in a 24-hour period. This is meant to help ...

Congress Eyes Modernization of Bank Secrecy Act and Beneficial Ownership Disclosures David Cohen, Travis Norton Brownstein Hyatt Farber Schreck + Follow Contact ...

The Internal Revenue Service’s Bank Secrecy Act program, in which it is supposed to safeguard against money laundering, is having only a minimal impact on tax compliance, according to a new report.

First Update the Bank Secrecy Act The BSA’s surveillance framework is ingrained within U.S. regulators’ compliance culture – but it doesn't work for crypto.

On January 1, 2021, the US Senate voted to override President Donald Trump’s veto of H.R. 6395, the National Defense Authorization Act for Fiscal Year 2021 (NDAA). 1 As part of the NDAA, the ...

Depositing $10,000 or more in cash means your bank or credit union will report it to the federal government. The $10,000 threshold was created as part of the Bank Secrecy Act, passed by Congress in… ...