Bank secrecy act compliance jan 19 2021 view pdf report number 20 158 r21 type audit reports category finance 0 comments objectives to combat money laundering in the us congress enacted a series of laws collectively referred to as the bank secrecy act bsa the bsa required financial institutions including money services businesses . The bank secrecy act is administered by the financial crimes enforcement network fincen which imposes a variety of compliance obligations on financial institutions to meet those obligations senior management should ensure that they have a detailed understanding of the legislation itself. Cunas bank secrecy act compliance guide is intended to provide useful information to assist credit unions in complying with the bank secrecy act and office of foreign assets control requirements cuna is not engaged in rendering legal or other professional advice in presenting this information this online manual contains cuna. Bank secrecy act compliance submitting oig us postal service oig report description to combat money laundering in the us congress enacted a series of laws collectively referred to as the bank secrecy act bsa the bsa required financial institutions including money services businesses to report suspicious activities to the us