News

Tips

Advice

Calculators

FAQ

Glossary

RSS

Twitter

HOME

BANK RATES

CREDIT CARDS

INSURANCE

LOAN RATES

CELL PHONES

INTERNET

LONG DISTANCE

KNOWLEDGE

:: HOME

:: CREDIT CARDS

:: LONG DISTANCE

:: INTERNET SERVICE

:: LOANS

:: CELL PHONES

:: INSURANCE

:: BANKING
· Main Page
· Savings Accounts
· Money Market
· Certificates of Deposit
· Checking Accounts
· Tax Software
· Banking News
· Banking FAQs
· Banking Tips
· Banking Advice
· Banking Glossary
· Calculators

:: KNOWLEDGE

:: MORE

Bank Secrecy Act

Posted in Banking

define: Bank Secrecy Act

An act passed by the U.S. Congress in 1970 to prevent money laundering and monitor suspicious activity (e.g. tax evasion).

This definition is filed under Banking.

Comment on this entry

More Banking Terms

Other Glossaries


		Recommend this page to a friend

^ Back to top

BANKING NEWS

Wall Street Reform, new credit card restrictions round off the month of July

After waiting weeks for the Senate to give him the nod, President Obama finally signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law this past month. The New York Daily News called it the toughest set of financial regulations passed since the Great Depression. Read more

BANKING TIPS

Banking at multiple institutions: A good idea?

As long as you can keep track of your accounts and fees, it can be a good idea to spread out accounts across two or more banks. Read more

BANKING FAQs