Is Your Failure to File an FBAR Willful or Non-Willful Conduct?
Origins and Purpose of the Bank Secrecy Act of 1970 The Bank Secrecy Act of 1970 (BSA), also known as the Currency and Foreign Transactions Reporting Act, is a U.S. law requiring financial institutions to help government agencies detect and prevent money laundering. Congress passed this law to combat the misuse of financial systems for…
