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Glossary

BSA

Bank Secrecy Act

The US anti-money laundering reporting framework.

The Bank Secrecy Act is the foundational US AML statute, requiring financial institutions to keep records and file reports — including SARs and CTRs — that assist in detecting money laundering. Most US KYB obligations descend from it.

See also

AML

Regulatory framework and compliance programs.

SAR

A confidential report of suspected illicit activity.

CTR

Mandatory reporting of large cash transactions.

FinCEN

The US financial intelligence unit.

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