Treasury official outlines principles for Bank Secrecy Act modernization

Reported by ABA Banking Journal (Excerpt featured below. To read full report, go to: https://bankingjournal.aba.com/2025/06/treasury-official-outlines-principles-for-bank-secrecy-act-modernization/) The Treasury Department is exploring ways to streamline the filing process for suspicious activity reports and currency transaction reports as part of a broader effort to modernize Bank Secrecy Act enforcement, Deputy Secretary of the Treasury Michael Faulkender said today. […]