Bank Secrecy Act: Requires banks and nonbanks to file suspicious-activity reports and currency-transaction reports with the U.S. Treasury's Financial Crimes Enforcement Network.
Subpoenas, summons and warrants: Court-approved requests for information and searches filed by law-enforcement entities ranging from local police departments to the CIA.
FBI National Security Letters: Created in 1986. The Patriot Act later expanded issuance for phone, computer and financial records. Controversial because no judicial oversight, and recipients cannot reveal receipt of letter or information sought to anyone other than the FBI.
Sources: U.S. Treasury's Financial Crimes Enforcement Network, FBI, American Bankers Association.
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Authoritative analysis and perspective for every segment of the payments industry
Authoritative analysis and perspective for every segment of the industry
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