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6 Cards in this Set
- Front
- Back
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Who enforces the Bank Secrecy Act |
FinCen Financial Crimes Enforcement Network |
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Bank Secrecy Act requires |
Financial Institutions to develop and implement written anti money laundering programs |
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A copy of the anti money laundering program must be approved by |
Senior management and a copy made available to FinCen |
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A Suspicious Activity Report must be submitted |
Within 30 days of possible detection of violation |
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SAR must be sent out on |
Transactions of 5000+ or 25000+ Insider abuse of any amount |
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Transactions 10K in a signal must be reported with |
15 days |
