BSA Sale of Monetary Instruments Procedures (Cash Purchase)
Updated 01/01/2024
When dealing with the sale of monetary instruments (such as cashier’s checks, money orders, or traveler’s checks), specific procedures and documentation are typically required to comply with the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations. These procedures will assist in complying with these regulations and help to identify or prevent possible money laundering or other financial crimes.
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