Discuss the effects of the bank secrecy act

Reference no: EM132586956 , Length: word count:750

LGL-553-2005 Business Organizations and Corporate Compliance

Assignment - based on Biegelman

Please explain what money laundering is.

Next, please discuss the effects of the Bank Secrecy Act and the USA Patriot Act have on trying to combat money laundering. Explain these both in terms of investigative powers of the government and in terms of criminal sanctions.

Finally, please find and cite a real-life example (from a case or new article) in which the Bank Secrecy Act OR the USA Patriot Act were implicated in a money laundering investigation. Please explain how this was done and appropriate cite the case or article.

Your entire essay should be approximately 2-3 pages long.

Reference no: EM132586956

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