Timely Delivery of Bank Secrecy Act Reports Act
This bill requires the Department of the Treasury to provide Bank Secrecy Act (BSA) reports to a congressional committee or subcommittee not later than 30 days after a request. Under the BSA, financial institutions must keep records of certain transactions and report suspicious activity indicative of money laundering or other criminal activity.
Additionally, when subpoenaed, a financial institution must provide such reports to a congressional committee or subcommittee.
Timely Delivery of Bank Secrecy Act Reports Act
This bill requires the Department of the Treasury to provide Bank Secrecy Act (BSA) reports to a congressional committee or subcommittee not later than 30 days after a request. Under the BSA, financial institutions must keep records of certain transactions and report suspicious activity indicative of money laundering or other criminal activity.
Additionally, when subpoenaed, a financial institution must provide such reports to a congressional committee or subcommittee.
This bill requires the Department of the Treasury to provide Bank Secrecy Act (BSA) reports to a congressional committee or subcommittee not later than 30 days after a request. Under the BSA, financial institutions must keep records of certain transactions and report suspicious activity indicative of money laundering or other criminal activity.
Additionally, when subpoenaed, a financial institution must provide such reports to a congressional committee or subcommittee.