Long-awaited Bank Secrecy Act reform may finally be on the way
American Banker
Davis Polk AML/CTF practice head Dan Stipano authored “Long-awaited Bank Secrecy Act reform may finally be on the way” in American Banker. In the article, Dan examines the recent steps that the Treasury Department and Financial Crimes Enforcement Network (FinCEN) have taken to improve the efficacy of the Bank Secrecy Act (BSA). He highlights that the much-needed changes to the existing BSA framework may finally be at hand because there appears to be a genuine commitment to reform at high levels of the government.
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