Question

The _______________________, also known as the Currency and Foreign Transactions Reporting Act, was created to fight drug trafficking, money laundering, and other crimes.

Answer 1

Bank Secrecy Act.

Step-by-step explanation:

The Currency and Foreign Transactions Reporting Act, also known as the Bank Secrecy Act is a legislation created by the United States in 1970 to prevent the misuse of banks and financial institutions by criminals. This Act authorizes banks to disclose any large transactions or transfers.

Accordingly, this Act makes it secure from banks and financial institutions from being involved in criminal activities. This in turn helps in the fight against drug trafficking, money laundering cases, and other criminal activities.