Where Does BSA Apply?

A question that surprisingly comes up quite often is whether the Bank Secrecy Act applies to just the United States or if it applies on a more global scale.  To answer that question, we have to step back to 1989 and the establishment of the Financial Action Task Force (FATF).  FATF is a global policy-making body comprised of 39 countries and jurisdictions. They’re responsible for examining money laundering techniques and trends and setting international standards on combating money laundering.

Listen as Deb explains more.

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Published
2021/09/13

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