Cash deposits of over $10,000 must be reported to the federal government. You shouldn't have any problems, though -- just ...

Financial institutions need to remain vigilant about managing anti-money laundering and Bank Secrecy Act (AML/BSA) compliance ...

In a recent letter to Andrea Gacki, Director of the Financial Crimes Enforcement Network (FinCEN), Federal Deposit Insurance ...

In 1970, Congress passed the Bank Secrecy Act. This law requires U.S. financial institutions to assist in detecting and stopping money laundering. One of the requirements is that financial ...

Referred to as Know Your Customer requirements, these identity-verification measures are now seen across financial services large and small. Today, the Bank Secrecy Act regime forces banks to ...

The $10,000 threshold was created as part of the Bank Secrecy Act, passed by Congress in 1970 ... circumvent the currency transaction reporting requirements." "Structuring will get you in hotter ...

At the World Economic Forum last month, President Donald Trump was right to elevate the plight of businesses and consumers ...

US District Judge John Koeltl on Wednesday imposed the fine after BitMEX pleaded guilty in July to breaking the Bank Secrecy Act, which requires safeguards that include verifying customer ...

“For too long, parties have used currency transporters in a manner that evaded Bank Secrecy Act reporting requirements and ...

A top Wall Street regulator said it ordered Bank of America to fix a program that aims to prevent criminals from laundering money through its accounts, after finding deficiencies and “systemic ...

A $10,000 bank transaction triggers the government to automatically look into it. Learn what actually happens.