Glossary: Business Risk, Third Parties and Compliance
Bank Secrecy Act
The main US anti-money-laundering law, enforced by FinCEN. Banks and other financial businesses must run a written AML program, check who their customers are and report suspicious activity.
Where the book teaches it
Related terms
AML/CTF (anti-money laundering/counter-terrorism financing)FinCEN (Financial Crimes Enforcement Network)