Large or repeated deposits can be reported to the IRS, as required by the Bank Secrecy Act. Unusual patterns may also be ...

Announcing the fine on Thursday, New York's Department of Financial Services faulted "critical gaps" in the Bank Secrecy Act.

Inquiry comes as Anchorage Digital highlights its status as a regulated bank and fosters ties with Trump administration ...

Under the Bank Secrecy Act, banks and financial institutions are required to send over a variety of suspicious activity reports to the federal government after detecting potential money laundering ...

The Bank Secrecy Act is a United States federal statute enacted in 1970 to detect and prevent money laundering within financial institutions. The BSA requires financial institutions to keep ...

"If you're a corporation in a favored industry, you can break the law. You can get caught. You can be prosecuted and sentenced with a $100 million fine, and it doesn't matter," said one consumer ...

Deputy Attorney General Todd Blanche said the department will largely stop bringing cases that violate the Bank Secrecy Act ...

Banks alerted authorities to $1.4 billion in suspicious transactions in 2024, a big assist in the nation's fight against crime and fentanyl trafficking, according to the Financial Crimes Enforcement ...

The Internal Revenue Service's Criminal Investigation unit has a new initiative for engaging with financial institutions to ...

The co-founders – Arthur Hayes, Benjamin Delo, Samuel Reed and Gregory Dwyer – previously pleaded guilty in 2022 to one count each of violating the Bank Secrecy Act for flouting money ...

New York Superintendent of Financial Services, Adrienne A. Harris, announced on Thursday that Block (XYZ) will pay a $40M penalty for ...