The IRS, 33 states and Puerto Rico agreed to share Bank
Secrecy Act (BSA) information and coordinate their resources to ensure
that currency exchangers, check cashiers, money transmitters and
issuers of traveler’s checks and stored-value cards—known as money
services businesses (MSBs)—register with the government and report
cash transactions and suspicious activities that may be signs of money
laundering or other financial crimes. Additional information about
MSBs and the BSA is available at
www.irs.gov or the Treasury Department’s Financial Crimes
Enforcement Network ( www.fincen.gov
).
Money Laundering
