Bank Secrecy Act (BSA)

Bank Secrecy Act (BSA)

Bank Secrecy Act (BSA)

The Bank Secrecy Act requires financial institutions to maintain anti-money-laundering programs, shaping how crypto and payments firms describe compliance.

The Bank Secrecy Act requires financial institutions to maintain anti-money-laundering programs, shaping how crypto and payments firms describe compliance.

The Bank Secrecy Act, or BSA, is a US federal law requiring financial institutions, including many crypto and fintech firms, to maintain anti-money-laundering programs and report certain transactions to regulators. While primarily an AML framework rather than a marketing rule, BSA obligations shape how crypto and payments firms must describe compliance and customer verification in their marketing.