The Primary Function of the Bank Secrecy Act (BSA) Is

question 29

Multiple Choice

The primary function of the Bank Secrecy Act (BSA) is the ______ of money laundering.

• A)prevention
• B)detection
• C)punishment
• D)both a and b
• E)both b and c

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Definitions:

Customer Service

The assistance and advice provided by a company to those people who buy or use its products or services.

Security

Measures and protocols implemented to protect people, property, or systems from theft, damage, and unauthorized access or cyber attacks.

Crisis Management

The process of handling unexpected and disruptive events that threaten an organization or its stakeholders.

Three-Step Writing Process

A structured approach to writing that involves planning, drafting, and revising the content.