Are Banks Reporting State Governments To Uncle Sam For SARs?
Are Banks Reporting State Governments To Uncle Sam For SARs? by Bipartisan Policy Center
The Bank Secrecy Act (BSA) requires banks to file reports when they suspect their customers of making transactions using money derived from illegal activities. But what if the customer is a state government? That might seem impossible, but consider what happens when a state government deposits tax revenue obtained from . . .
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