Trends in Bank Secrecy Act/Anti-Money Laundering Enforcement

Sykes, Jay B.

Library of Congress. Congressional Research Service.

关键词: Banking law;    Law enforcement;    Money laundering;    Criminal justice;   

RP-ID  :  R45076
RP-ID  :  R45076_2018Jan12

美国|英语

来源: UNT Digital Library

【 摘 要 】

This report provides an overview of recent trends in the enforcement of the Bank Secrecy Act (BSA), the principal U.S. anti-money laundering law regulating financial institutions. The report begins by providing general background information on BSA penalties and enforcement. The report concludes by discussing three recent trends that commentators have observed in BSA enforcement: (1) an increase in the frequency with which BSA enforcement actions involve an assessment of money penalties, and an increase in the size of those penalties, (2) an increased emphasis by regulators on the acceptance of responsibility by institutions entering into settlement agreements for BSA violations, and (3) an increased risk of individual liability for BSA violations.