Bank Secrecy Act: FinCEN and IRS Need to Improve and Better Coordinate Compliance and Data Management Efforts

[摘要] A letter report issued by the Government Accountability Office with an abstract that begins "In 2005, over 16 million Bank Secrecy Act (BSA) reports were filed by more than 200,000 U.S. financial institutions. Enacted in 1970, BSA is the centerpiece of the nation's efforts to detect and deter criminal financial activities. Treasury's Financial Crimes Enforcement Network (FinCEN) and the Internal Revenue Service (IRS) play key roles in BSA compliance, enforcement, and data management. GAO was asked to describe FinCEN's and IRS's roles and assess their effectiveness at ensuring BSA compliance and efforts to reengineer BSA data management."

[发布日期] 2006-12-15 [发布机构] United States. Government Accountability Office.

[关键词] Government accountability -- United States.;financial markets and institutions;tax policy and administration;bank secrecy act;letter report