The Resource Bank Secrecy Act : suspicious activity report use is increasing, but FinCEN needs to further develop and document its form revision process : report to congressional requesters

Bank Secrecy Act : suspicious activity report use is increasing, but FinCEN needs to further develop and document its form revision process : report to congressional requesters

Label
Bank Secrecy Act : suspicious activity report use is increasing, but FinCEN needs to further develop and document its form revision process : report to congressional requesters
Title
Bank Secrecy Act
Title remainder
suspicious activity report use is increasing, but FinCEN needs to further develop and document its form revision process : report to congressional requesters
Title variation
  • Bank Secrecy Act
  • Suspicious activity report use is increasing, but FinCEN needs to further develop and document its form revision process
  • Suspicious activity reports
Title variation remainder
suspicious activity report use is increasing, but Financial Crimes Enforcement Network (FinCEN) needs to further develop and document its form revision process
Creator
Subject
Genre
Language
eng
Summary
To assist law enforcement agencies in their efforts to combat money laundering, terrorist financing, and other financial crimes, the Bank Secrecy Act (BSA) requires financial institutions to file suspicious activity reports (SAR) to inform the federal government of transactions related to possible violations of law or regulation. Depository institutions have been concerned about the resources required to file SARs and the extent to which SARs are used. GAO was asked to examine (1) factors affecting the number of SARs filed, (2) actions agencies have taken to improve the usefulness of SARs, (3) federal agencies' use of SARs, and (4) the effectiveness of the process used to revise SAR forms. GAO reviewed laws and agency documents; analyzed SAR filings; and interviewed representatives from the Financial Crimes Enforcement Network (FinCEN), law enforcement agencies, bank regulators, and depository institutions. GAO recommends that the Secretary of the Treasury direct FinCEN to further develop a strategy that fully incorporates certain GAO-identified practices to enhance and sustain collaboration among federal agencies into the forms-change process
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/subjectName
  • United States.
  • Financial Crimes Enforcement Network (U.S.)
  • Money laundering
  • Terrorism
Label
Bank Secrecy Act : suspicious activity report use is increasing, but FinCEN needs to further develop and document its form revision process : report to congressional requesters
Instantiates
Publication
Note
  • Title from title screen (viewed on Apr. 21, 2009)
  • "February 2009."
  • "GAO-09-226."
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
ii, 48 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 4/21/09: http://www.gao.gov/new.items/d09226.pdf ; current access available via PURL
Label
Bank Secrecy Act : suspicious activity report use is increasing, but FinCEN needs to further develop and document its form revision process : report to congressional requesters
Publication
Note
  • Title from title screen (viewed on Apr. 21, 2009)
  • "February 2009."
  • "GAO-09-226."
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
ii, 48 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 4/21/09: http://www.gao.gov/new.items/d09226.pdf ; current access available via PURL

Library Locations

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      3400 Chestnut Street, Philadelphia, Pennsylvania, 19104, US
      39.954941 -75.193362
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