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

User Kalmar
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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.

User Borph
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