The Resource Bank Secrecy Act : federal agencies should take action to further improve coordination and information-sharing efforts : report to the Permanent Subcommittee on Investigations, Committee on Homeland Security and Governmental Affairs, U.S. Senate

Bank Secrecy Act : federal agencies should take action to further improve coordination and information-sharing efforts : report to the Permanent Subcommittee on Investigations, Committee on Homeland Security and Governmental Affairs, U.S. Senate

Label
Bank Secrecy Act : federal agencies should take action to further improve coordination and information-sharing efforts : report to the Permanent Subcommittee on Investigations, Committee on Homeland Security and Governmental Affairs, U.S. Senate
Title
Bank Secrecy Act
Title remainder
federal agencies should take action to further improve coordination and information-sharing efforts : report to the Permanent Subcommittee on Investigations, Committee on Homeland Security and Governmental Affairs, U.S. Senate
Title variation
Federal agencies should take action to further improve coordination and information-sharing efforts
Creator
Contributor
Subject
Genre
Language
eng
Summary
The legislative framework for combating money laundering began with the Bank Secrecy Act (BSA) in 1970 and most recently expanded in 2001with the USA PATRIOT Act. The Financial Crimes Enforcement Network (FinCEN) administers BSA and relies on multiple federal and state agencies to ensure financial institution compliance. GAO was asked to (1) describe how BSA compliance and enforcement responsibilities are distributed, (2) describe how agencies other than FinCEN are implementing those responsibilities and evaluate their coordination efforts, and (3) evaluate how FinCEN is implementing its BSA responsibilities. Among other things, GAO reviewed legislation, past GAO and Treasury reports, and agreements and guidance from all relevant agencies; and interviewed agency, association, and financial institution officials. GAO recommends that IRS better coordinate examination schedules with state agencies; that FinCEN, the federal financial regulators, and IRS consider developing a mechanism to regularly discuss BSA examinations and procedures across all regulators; and that the FinCEN Director facilitate communication on IRS referrals, and finalize electronic data-access MOUs with state agencies and securities and futures regulators
Cataloging source
DID
Government publication
federal national government publication
Index
no index present
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://bibfra.me/vocab/lite/organizationName
United States
http://library.link/vocab/relatedWorkOrContributorName
United States
http://library.link/vocab/subjectName
  • United States.
  • United States.
  • Financial Crimes Enforcement Network (U.S.)
  • United States
  • Financial services industry
  • Money laundering
  • Interagency coordination
Label
Bank Secrecy Act : federal agencies should take action to further improve coordination and information-sharing efforts : report to the Permanent Subcommittee on Investigations, Committee on Homeland Security and Governmental Affairs, U.S. Senate
Instantiates
Publication
Note
  • Title from title screen (viewed on Mar. 18, 2009)
  • "February 2009."
  • "GAO-09-227."
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
mixed
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Dimensions
unknown
Extent
iv, 103 pages
Form of item
electronic
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other physical details
digital, PDF file
Specific material designation
remote
System details
  • System requirements: Adobe Acrobat Reader
  • Mode of access: World Wide Web from GAO web site. Address as of 3/18/09: http://www.gao.gov/new.items/d09227.pdf ; current access available via PURL
Label
Bank Secrecy Act : federal agencies should take action to further improve coordination and information-sharing efforts : report to the Permanent Subcommittee on Investigations, Committee on Homeland Security and Governmental Affairs, U.S. Senate
Publication
Note
  • Title from title screen (viewed on Mar. 18, 2009)
  • "February 2009."
  • "GAO-09-227."
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
mixed
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Dimensions
unknown
Extent
iv, 103 pages
Form of item
electronic
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other physical details
digital, PDF file
Specific material designation
remote
System details
  • System requirements: Adobe Acrobat Reader
  • Mode of access: World Wide Web from GAO web site. Address as of 3/18/09: http://www.gao.gov/new.items/d09227.pdf ; current access available via PURL

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      39.954941 -75.193362
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