Bank Secrecy Act

When companies, especially financial institutions, and not individuals are charged with serious offenses, criticism is now common. Yet such criticism may be particularly unwarranted in the high-profile BSA prosecutions of recent years, where criminal liability rests on an institutional failure to maintain appropriate systems and controls.

27 minute readOctober 02, 2014 at 12:00 AM
By
Elkan Abramowitz
& Jonathan Sack
Bank Secrecy Act

In recent years, white-collar criminal enforcement has been marked by a string of high-profile prosecutions of banks for violations of the Bank Secrecy Act, the most recent against BNP Paribas.

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