Tommy Hartono 吕恩豪

Tag: bsa

  • Day 26: BSA Compliance Program

    Day 26: BSA Compliance Program

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    Tommy Hartono
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    #QuickBiteCompliance Day 26 Have you ever wondered about the significance of a Bank Secrecy Act (BSA) Compliance Program? It is a crucial framework that U.S.-based financial institutions, as outlined by the Bank Secrecy Act, must establish to combat money laundering and other financial crimes effectively. This program entails various essential components, including the development of…

  • Day 25: Bank Secrecy Act (BSA)

    Day 25: Bank Secrecy Act (BSA)

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    Tommy Hartono
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    #QuickBiteCompliance Day 25 Thinking about Bank Secrecy Act (BSA). What is it? Why does it matter? The primary U.S. anti-money laundering regulatory statute (Title 31, U.S. Code Sections 5311- 5355) enacted in 1970 and most notably amended by the USA PATRIOT Act in 2001. Among other measures, it imposes money laundering controls on financial institutions…