Bank Secrecy Act. The Bank Secrecy Act (BSA) and its implementing regulation require a financial institution to maintain records and/or report certain transactions to federal government agencies. The act and regulation have been amended periodically and focus on issues such as anti-money laundering and anti-terrorist financing.
Appears in 3 contracts
Samples: Bank Services Agreement, Bank Services Agreement, Bank Services Agreement
Bank Secrecy Act. The Bank Secrecy Act (BSA) and its implementing regulation require a financial institution to maintain records and/or report certain transactions to federal government agencies. The act and regulation have been amended periodically and focus on issues such as anti-money laundering and anti-terrorist financing.
Appears in 2 contracts
