The Bank Secrecy Act: Information Sharing and Security EffortsThis book explores the Bank Secrecy Act (BSA), which is a legislative framework for combating money laundering. The Financial Crimes Enforcement Network (FinCEN) is responsible for the administration of the BSA regulatory structure, and has delegated examination responsibility to the federal banking regulators. This book describes how BSA compliance and enforcement responsibilities are distributed, how agencies other than FinCEN are implementing those responsibilities and the evaluation of their co-ordination efforts. This book also discusses security policies and controls for systems at three organisations to evaluate whether security controls effectively protect the confidentiality, integrity and availability of the information and systems that support FinCEN's mission. This book consists of public documents which have been located, gathered, combined, reformatted, and enhanced with a subject index, selectively edited and bound to provide easy access. |
Common terms and phrases
access to BSA addition AML program assessments audit Bank Secrecy Act broker-dealers BSA compliance program BSA data BSA examination BSA violations BSA-related BSA/AML compliance BSA/AML examination BSA/AML-related compliance and enforcement Credit Union Crimes Enforcement Network criminal Currency transaction reporting Customer identification program depository institutions developing discuss documentation Enforcement Network FinCEN ensure evaluate examination procedures examination schedules FDIC federal agencies federal banking regulators Federal Reserve Financial Crimes Enforcement financial institutions financial regulators FinCEN and IRS FinCEN officials fiscal formal enforcement actions futures SROs Government Accountability Office guidance identified information and systems information security program information systems information-sharing MOUS Internal Revenue Service IRS officials IRS referrals IRS's law enforcement money laundering MSBs NBFIs NCUA nonpublic Office of Compliance regulatory requirements responsibilities risk Secrecy Act BSA securities and futures sensitive Supervision support FinCEN's mission Suspicious activity reporting Treasury USA PATRIOT Act users