The Bank Secrecy Act (“BSA”) establishes program, recordkeeping, and reporting requirements for certain financial institutions to combat and detect money laundering, terrorist financing, and other ...

UNITED STATES - APRIL 12: Speaker of the House Mike Johnson, R-La., is seen in the U.S. Capitol before the House reauthorized Section 702 of the Foreign Intelligence Surveillance Act (FISA) on Friday, ...

What began in 1970 as a targeted effort to crack down on money laundering has metastasized into one of the federal government’s most expensive data hoarding operations. The Bank Secrecy Act now ...

John Hurley, under secretary for terrorism and financial crimes at the Treasury Department. For some time, it has been widely recognized that the Bank Secrecy Act, or BSA, is in dire need of reform.

The Proposed Rule Would Subject Certain Investment Advisers to a Broad Range of AML/CFT Obligations and Represents a Significant Development for the Sector The Proposed Rule provides that, while some ...

BitMEX has pleaded guilty to violating the Bank Secrecy Act (BSA), according to a Wednesday announcement from the U.S. Department of Justice (DOJ). According to newly published court documents, the ...

Ransomware isn’t slowing down. In fact, it’s accelerating. According to a new Financial Trend Analysis from the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN), ...

King and Spalding partner Matt Biben and counsel Joshua Roberts discuss the Bank Secrecy Act and evaluate potential reforms, including some under current consideration by Congress, as well as emerging ...

Kyle Torpey has been writing about Bitcoin since 2013. His work has been featured in Fortune, Bitcoin Magazine, Wired UK, and many other media outlets. He has also attracted more than 50,000 followers ...

Circumvention of identity controls accounted for 42% of Bank Secrecy Act reports The US saw around 1.6 million Bank Secrecy Act (BSA) reports in 2021 tied to the exploitation of identity processes ...

US Regulators Seek Bank-Style KYC For Stablecoin Issuers. US financial regulators have proposed customer identification rules ...

Global cryptocurrency exchange BitMEX has pleaded guilty to a Bank Secrecy Act offense, according to the US Department of Justice (DOJ). BitMEX willfully “flouted” U.S. Anti-Money Laundering (AML) ...