Bank Secrecy Act Amendments of 2016
GPTKB entity
Statements (57)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
legislation
|
| gptkbp:aimsTo |
financial crimes
|
| gptkbp:amends |
gptkb:Bank_Secrecy_Act
|
| gptkbp:enactedBy |
gptkb:United_States_Congress
|
| gptkbp:enforces |
penalties for non-compliance
|
| gptkbp:enhances |
customer due diligence requirements
|
| gptkbp:focusesOn |
anti-money laundering
|
| https://www.w3.org/2000/01/rdf-schema#label |
Bank Secrecy Act Amendments of 2016
|
| gptkbp:impact |
banks
credit unions money services businesses |
| gptkbp:improves |
information sharing among financial institutions
|
| gptkbp:isActiveIn |
academic research
government reports |
| gptkbp:isAttendedBy |
subsequent legislation
|
| gptkbp:isCitedIn |
legal cases
financial compliance audits |
| gptkbp:isConsidered |
a response to evolving financial threats
a significant update to financial regulations |
| gptkbp:isCriticizedFor |
complexity of compliance
burden on small businesses |
| gptkbp:isDiscussedIn |
policy papers
financial policy debates financial regulatory forums financial industry conferences |
| gptkbp:isEvaluatedBy |
financial analysts
regulatory agencies |
| gptkbp:isExaminedBy |
gptkb:Department_of_the_Treasury
|
| gptkbp:isInfluencedBy |
international standards
|
| gptkbp:isLinkedTo |
global financial security
terrorism financing prevention |
| gptkbp:isLocatedIn |
gptkb:Financial_Crimes_Enforcement_Network
|
| gptkbp:isOrganizedBy |
some financial institutions
|
| gptkbp:isPartOf |
gptkb:U.S._national_security_strategy
financial crime prevention efforts U.S._financial_regulatory_framework U.S._anti-money_laundering_strategy U.S._compliance_requirements U.S._financial_crime_legislation |
| gptkbp:isPromotedBy |
government agencies
|
| gptkbp:isReferencedIn |
financial compliance training materials
|
| gptkbp:isRelatedTo |
gptkb:FinCEN
USA PATRIOT Act financial stability financial regulation |
| gptkbp:isReviewedBy |
legal experts
Congressional committees |
| gptkbp:isSubjectTo |
regulatory oversight
|
| gptkbp:isSupportedBy |
law enforcement agencies
anti-money laundering advocates |
| gptkbp:mandates |
annual reports from financial institutions
|
| gptkbp:requires |
enhanced due diligence for high-risk customers
reporting of beneficial ownership information financial institutions to report suspicious activities |
| gptkbp:supports |
law enforcement investigations
|
| gptkbp:updates |
transparency in financial transactions
|
| gptkbp:yearEstablished |
2016
|