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Bank Secrecy Act

nounid 1643·updated Aug 30, 2026
verified· unreviewed

The Currency and Foreign Transactions Reporting Act, also known as the Bank Secrecy Act (BSA), and its implementing regulation, 31 CFR 103, is a tool the U.S. government uses to fight drug trafficking, money laundering, and other crimes. Congress enacted the BSA to prevent banks and other financial service providers from being used as intermediaries for, or to hide the transfer or deposit of money derived from, criminal activity.

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Classifications

Entity Type

Framework0%rule-basedmulti_axis_classifier_low_confidence.v1

Sensitivity

Regulated95%llm-generatedllm:claude-haiku-4-5

Information Class

90%llm-generatedllm:claude-haiku-4-5

Variants

plural
Bank Secrecy Acts
possessive
Bank Secrecy Act's
pluralpossessive
Bank Secrecy Acts'

Framework definitions

Federal Financial Institutions Examination Council (FFIEC) IT Examination Handbook Infobase, Glossary1 senseview framework →
§1
The Currency and Foreign Transactions Reporting Act, also known as the Bank Secrecy Act (BSA), and its implementing regulation, 31 CFR 103, is a tool the U.S. government uses to fight drug trafficking, money laundering, and other crimes. Congress enacted the BSA to prevent banks and other financial service providers from being used as intermediaries for, or to hide the transfer or deposit of money derived from, criminal activity.
Legacy lexicon import1 senseview framework →
§1 · legacy_primary
The Currency and Foreign Transactions Reporting Act, also known as the Bank Secrecy Act (BSA), and its implementing regulation, 31 CFR 103, is a tool the U.S. government uses to fight drug trafficking, money laundering, and other crimes. Congress enacted the BSA to prevent banks and other financial service providers from being used as intermediaries for, or to hide the transfer or deposit of money derived from, criminal activity.
DR-088 backfill from the noun definition column

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