Posts tagged Currency & Foreign Transactions Reporting Act of 1970.
Addressing SIFMA's Anti-Money Laundering ("AML") conference Wednesday, SEC Enforcement Director Andrew Ceresney said that - when it comes to AML - the lack of red flags itself is a red flag. Bank Secrecy Act ("BSA") AML requirements under the Currency & Foreign Transactions Reporting Act of 1970, as amended, 31 U.S.C. §5311, et seq. (31 C.F.R. Chap. X and related laws / regulations: here) require financial institutions to file "suspicious activity reports" ("SARs") with the Financial Crimes Enforcement Network ("FinCEN") within the Department of Treasury. Examples ...
Tags: AML, Andrew Ceresney, Anti-Money Laundering, Bank Secrecy Act, BSA, Currency & Foreign Transactions Reporting Act of 1970, SEC, SEC Enforcement Director, SIFMA