OCC

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Bank Secrecy Act (BSA) of 1970

The Bank Secrecy Act works to prevent money laundering and terrorist financing in the USA. With many facets, the Act covers regulatory requirements for banks and financial institutions, ensuring they raise red flags when suspicious activity occurs.

OCC Semiannual Report Puts Banking Risks in Perspective

The Office of the Comptroller of the Currency’s report has highlighted the key areas of risk that banks need to manage to stay resilient and maintain confidence – and counseled against complacency.