Money Laundering: Treasury Civil Case Processing of Bank Secrecy Act Violations.

Abstract

In July 1991, the General Accounting Office(GAO), was tasked to provide information concerning the Department of the Treasury's Office of Financial Enforcement's processing of civil penalty referrals for violations of the Bank Secrecy Act. The Bank Secrecy Act(BSA) is a major weapon against money laundering because it requires that certain transactions over $10,000 be reported to federal agencies, thus making them easier to track. Because money laundering supports a wide range of illegal activities, full and vigorous enforcement of the Act is an essential component of this country's war on crime. The request specifically asked that the investigation focus on OPE's civil penalty workloads and the time that OPE takes to process referrals. As requested, this report transmits the official results of that requested investigation.

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Document Details

Document Type
Technical Report
Publication Date
Feb 06, 1992
Accession Number
ADA291109

Entities

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Materials and Manufacturing Processes
  • Weapons Technologies

DTIC Thesaurus Topics

  • Attorneys
  • California
  • Case Studies
  • Commerce
  • Corporations
  • Criminal Investigations
  • Criminals
  • Governments
  • Inventory
  • Money
  • New York
  • Personnel Management
  • Specialists
  • Task Forces
  • Test And Evaluation
  • United States
  • Workload

Readers

  • Government and Public Administration Law.