This act empowers the United States government to compel other countries to maintain certain records similar to those used under the Bank Secrecy Act.

Question

Quizplus · Accepted Answer

The Currency and Foreign Transactions Reporting Act, also known as the Bank Secrecy Act (BSA), requires financial institutions in the United States to maintain certain records and report certain transactions to the government. The act also empowers the government to compel other countries to maintain similar records and reports through international cooperation agreements. The other options listed are not relevant to this topic.

This Act Empowers the United States Government to Compel Other