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by shrubble
2099 days ago
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https://www.occ.treas.gov/topics/supervision-and-examination... Quoted from above page on SAR reports: Under the Bank Secrecy Act (BSA), financial institutions are required to assist U.S. government agencies in detecting and preventing money laundering, such as: -Keep records of cash purchases of negotiable instruments, -File reports of cash transactions exceeding $10,000 (daily aggregate amount), and -Report suspicious activity that might signal criminal activity (e.g., money laundering, tax evasion). |
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