|
gptkbp:instanceOf
|
gptkb:United_States_federal_law
|
|
gptkbp:administeredBy
|
gptkb:Financial_Crimes_Enforcement_Network
|
|
gptkbp:alsoKnownAs
|
gptkb:BSA
gptkb:Currency_and_Foreign_Transactions_Reporting_Act
|
|
gptkbp:amendedBy
|
gptkb:USA_PATRIOT_Act
|
|
gptkbp:appliesTo
|
broker-dealers
banks
credit unions
money services businesses
|
|
gptkbp:citation
|
gptkb:Public_Law_91-508
|
|
gptkbp:codifiedIn
|
gptkb:12_U.S.C._§§_1951–1959
gptkb:12_U.S.C._§_1829b
gptkb:31_U.S.C._§§_5311–5332
|
|
gptkbp:dateEnacted
|
1970
|
|
gptkbp:enactedBy
|
gptkb:United_States_Congress
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
1970 Bank Secrecy Act
|
|
gptkbp:influenced
|
anti-money laundering regulations
customer due diligence requirements
know your customer (KYC) rules
|
|
gptkbp:purpose
|
prevent tax evasion
combat money laundering
detect and prevent financial crimes
|
|
gptkbp:requires
|
financial institutions to keep records of cash purchases of negotiable instruments
financial institutions to file reports of cash transactions exceeding $10,000
financial institutions to report suspicious activity
|
|
gptkbp:signedBy
|
gptkb:Richard_Nixon
|
|
gptkbp:bfsParent
|
gptkb:Foreign_Bank_and_Financial_Accounts_Reports_(FBARs)
|
|
gptkbp:bfsLayer
|
6
|