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gptkbp:instanceOf
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gptkb:United_States_federal_law
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gptkbp:administeredBy
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gptkb:U.S._Department_of_the_Treasury
gptkb:Financial_Crimes_Enforcement_Network
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gptkbp:alsoKnownAs
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gptkb:BSA
gptkb:Currency_and_Foreign_Transactions_Reporting_Act
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gptkbp:amendedBy
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gptkb:USA_PATRIOT_Act
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gptkbp:appliesTo
|
broker-dealers
casinos
banks
credit unions
money services businesses
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gptkbp:citation
|
gptkb:Public_Law_91-508
31 U.S.C. § 5311 et seq.
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gptkbp:dateEnacted
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1970
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gptkbp:enactedBy
|
gptkb:United_States_Congress
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gptkbp:filingMethod
|
gptkb:Currency_Transaction_Report
gptkb:Suspicious_Activity_Report
|
|
https://www.w3.org/2000/01/rdf-schema#label
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Bank Secrecy Act of 1970
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gptkbp:influencedBy
|
concerns about organized crime
concerns about tax evasion
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gptkbp:penalty
|
criminal penalties
civil penalties
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gptkbp:purpose
|
combat money laundering
prevent financial crimes
|
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gptkbp:relatedTo
|
anti-money laundering regulations
financial regulation in the United States
|
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gptkbp:requires
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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
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gptkbp:signedBy
|
gptkb:Richard_Nixon
|
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gptkbp:bfsParent
|
gptkb:Suspicious_Activity_Reports_(SAR)
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gptkbp:bfsLayer
|
7
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