Senate Bill Seeks to Raise Reporting Thresholds Under the Bank Secrecy Act
October 23, 2025
October 23, 2025
COLUMBUS, Ohio, Oct. 23 -- The Ohio Bankers League issued the following news:
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Senate Bill Seeks to Raise Reporting Thresholds Under the Bank Secrecy Act
A new bill introduced in the U.S. Senate aims to significantly increase the dollar thresholds for two key reporting requirements under the Bank Secrecy Act (BSA). The proposed legislation would also require periodic inflation adjustments of the thresholds.
Under current law, financial ins . . .
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Senate Bill Seeks to Raise Reporting Thresholds Under the Bank Secrecy Act
A new bill introduced in the U.S. Senate aims to significantly increase the dollar thresholds for two key reporting requirements under the Bank Secrecy Act (BSA). The proposed legislation would also require periodic inflation adjustments of the thresholds.
Under current law, financial ins . . .