bank secrecy act

Bank Secrecy Act. A federal statute that requires banks and other financial institutions to maintain records of customers’ transactions and to report certain domestic and foreign transactions. • This act, passed by Congress in 1970, is designed to help the federal government in criminal, tax, and other regulatory investigations. 12 USCA § 1829b; 31 USCA § 5311. [Cases: Banks and Banking 16; United States 34. C.J.S. Banks and Banking § 27; United States §§ 162–163.]

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词条贡献者

资深译员David，毕业于亚洲顶尖的高级翻译学院，擅长翻译有关汽车业的法律文件。