T he Bank Secrecy Act of 1970 requires banks to file a report with the federal government if a customer deposits or withdraws more than $10,000 in cash in a 24-hour period. This is meant to help ...

These rules are established by the Bank Secrecy Act. They actually apply to any deposit over $10,000 -- and deposits of $15,000 or more fall within this category.

In the United States, the primary weapon to fight money laundering and illicit financing is the Currency and Foreign Transactions Reporting Act of 1970, better known as the Bank Secrecy Act. Back in ...

The Bank Secrecy Act was passed by Congress in 1970 to fight money laundering in the U.S. Under the Act, financial institutions are required to report cash transactions over $10,000.

In 2024, FinCEN and the federal bank regulators announced more than three dozen enforcement actions against banks and individuals arising from alleged Bank Secrecy Act (BSA), anti-money laundering ...

TD Bank could join Wells Fargo, among others, in getting slapped with a cap on assets due to regulatory failings. The Canadian bank CA:TD isn’t denying it. What it has said is it’s taken a $2. ...