To Amend the Currency and Foreign Transactions Reporting Act PDF Download
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Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance Publisher: ISBN: Category : Foreign exchange Languages : en Pages : 64
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance Publisher: ISBN: Category : Foreign exchange Languages : en Pages : 64
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance Publisher: ISBN: Category : Banks and banking, International Languages : en Pages : 174
Author: Lilian B. Klein Publisher: ISBN: Category : Banks and banking Languages : en Pages : 130
Book Description
The Currency and Foreign Transactions Reporting Act, also known as the Bank Secrecy Act (BSA), and its implementing regulation, 31 CFR 103, is a tool the U.S. government uses to fight drug trafficking, money laundering, and other crimes. Congress enacted the BSA to prevent banks and other financial service providers from being used as intermediaries for, or to hide the transfer or deposit of money derived from, criminal activity. The Office of the Comptroller of the Currency (OCC) monitors national bank compliance with the BSA and 31 CFR 103. Since its passage, Congress has amended the BSA a number of times to enhance law enforcement effectiveness. The Anti-Drug Abuse Act of 1986, which included the Money Laundering Control Act of 1986 (MLCA), strengthened the government's ability to fight money laundering by making it a criminal activity. The Money Laundering Suppression Act of 1994 (Title IV of the Riegle-Neal Community Development and Regulatory Improvement Act of 1994) required regulators to develop enhanced examination procedures and increase examiner training to improve the identification of money laundering schemes in financial institutions.
Author: United States. Congress. House. Committee on the Judiciary. Subcommittee on Crime Publisher: ISBN: Category : Banking law Languages : en Pages : 60
Author: Lilian B. Klein Publisher: Nova Science Publishers ISBN: 9781600214721 Category : Banking law Languages : en Pages : 0
Book Description
The Currency and Foreign Transactions Reporting Act, also known as the Bank Secrecy Act (BSA), and its implementing regulation, 31 CFR 103, is a tool the US government uses to fight drug trafficking, money laundering, and other crimes. Congress enacted the BSA to prevent banks and other financial service providers from being used as intermediaries for, or to hide the transfer or deposit of money derived from, criminal activity. The Office of the Comptroller of the Currency (OCC) monitors national bank compliance with the BSA and 31 CFR 103. Since its passage, Congress has amended the BSA a number of times to enhance law enforcement effectiveness. The Anti-Drug Abuse Act of 1986, which included the Money Laundering Control Act of 1986 (MCLA), strengthened the government's ability to fight money laundering by making it a criminal activity. Before 2005, each regulator used separately developed, but similar, examination procedures to assess compliance with the BSA. However, in 2005, in an effort to establish more consistency in examination procedures and application, the regulators, with participation from the Financial Crimes Enforcement Network (FinCEN), issued a new manual dedicated to organizing the procedures. The new procedures retain the risk-focused approach of the prior procedures, requiring examiners to apply a higher level of scrutiny to the institution's lines of business that carry a higher risk for potential money laundering or non-compliance with the BSA.
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance Publisher: ISBN: Category : Customs administration Languages : en Pages : 56
Author: United States. Congress. House. Committee on the Judiciary. Subcommittee on Crime Publisher: ISBN: Category : Banking law Languages : en Pages : 52
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance
Author: Lilian B. Klein
Author: United States. Congress. House. Committee on the Judiciary. Subcommittee on Crime
Author: Lilian B. Klein
Author: United States. Department of the Treasury. Office of the General Counsel
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance
Author: United States. Congress. House. Committee on the Judiciary. Subcommittee on Crime
Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance
Author: