Money Laundering


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 ).

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