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13 November, 06:24

In what act were the basic principles of detecting and reporting suspicious activity first codified

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  1. 13 November, 06:30
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    I believe the answer is The bank secrecy Act.

    Prior to this act, the government cannot (under any circumstances) force banks to Record information about any transactions made by certain organizations/individuals.

    This act force the banks to made the record if the amount surpasses $10,000 in order to prevent money laundering.
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