In a coordinated enforcement action by 48 state financial regulators, Block will pay an $80M fine and undertake corrective action for violations of the Bank Secrecy Act and anti-money laundering ...

The Bank Secrecy Act authorizes the Treasury Department to require banks and whatever business the government deems a "financial institution" to report transactions to the feds.East Texas Title, the ...

BitMEX has pleaded guilty to violating the Bank Secrecy Act (BSA), according to a Wednesday announcement from the U.S. Department of Justice (DOJ). According to newly published court documents ...

With technology and AI increasingly used to perpetrate illegal acts, the IRS' crime fighting arm is announcing a new program intended to improve how it interacts with financial institutions.

Cryptocurrency exchange BitMEX has plead guilty to violating the Bank Secrecy Act (BSA), as announced by the U.S. Department of… Continue reading BitMEX admits guilt in Bank Secrecy Act ...

BitMEX pleads guilty to Bank Secrecy Act violation . BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed pleaded guilty to similar criminal charges in 2022 and received probation.

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.

Reuters. FILE PHOTO: The TD bank logo is seen on top of the Toronto Dominion Canada Trust Tower in Toronto, Ontario, Canada March 16, 2017. Picture taken March 16, 2017.