|
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
casinos
mutual funds
banks
credit unions
money services businesses
insurance companies
|
|
gptkbp:codifiedIn
|
31 U.S.C. § 5311 et seq.
|
|
gptkbp:dateEnacted
|
1970
|
|
gptkbp:enactedBy
|
gptkb:United_States_Congress
|
|
gptkbp:enforcedBy
|
gptkb:Department_of_the_Treasury
gptkb:Internal_Revenue_Service
gptkb:Financial_Crimes_Enforcement_Network
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
Bank Secrecy Act
|
|
gptkbp:influenced
|
anti-money laundering laws worldwide
|
|
gptkbp:influencedBy
|
concerns about drug trafficking
concerns about organized crime
concerns about tax evasion
|
|
gptkbp:penalty
|
criminal penalties
civil penalties
|
|
gptkbp:purpose
|
combat money laundering
prevent financial crimes
|
|
gptkbp:relatedTo
|
gptkb:legislation
anti-money laundering
counter-terrorism financing
|
|
gptkbp:requires
|
report suspicious activity that might signify money laundering, tax evasion, or other criminal activities
financial institutions to keep records of cash purchases of negotiable instruments
financial institutions to file reports of cash transactions exceeding $10,000
|
|
gptkbp:requiresReport
|
gptkb:Currency_Transaction_Report
gptkb:Foreign_Bank_Account_Report
gptkb:Suspicious_Activity_Report
|
|
gptkbp:section
|
gptkb:Currency_Transaction_Reports_(CTR)
gptkb:Customer_Identification_Program_(CIP)
gptkb:Foreign_Bank_Account_Reports_(FBAR)
gptkb:Suspicious_Activity_Reports_(SAR)
Recordkeeping requirements
|
|
gptkbp:signedBy
|
gptkb:Richard_Nixon
October 26, 1970
|
|
gptkbp:subjectOf
|
compliance programs in financial institutions
numerous court cases
regulatory guidance by FinCEN
|
|
gptkbp:bfsParent
|
gptkb:Banking_Law
gptkb:Financial_Crimes_Enforcement_Network
gptkb:Anti-Money_Laundering_Law
|
|
gptkbp:bfsLayer
|
5
|