National Financial Crime Fighter Day
The Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) professionals are recognized on National Financial Crime Fighter Day on October 26th. Not all superheroes wear capes, because not all superheroes wear capes. They may wear business suits, dresses, or jeans and work in financial institutions' back offices. These are the people who safeguard the United States' financial industry. They include law enforcement officers and other government employees.
#financialcrimefighterday
A history of financial crime has a long tradition of financial crime
During the 1960s and 1970s, the drug wars resulted in an increase in illicit and illicit incomes entering the US financial system, which is also funding more criminal activities, including opioid and human trafficking.
In 1970, Congress passed the Banking Secrecy Act (BSA) to improve anti-money laundering (AML) efforts and discourage criminal financing of criminal enterprises. The BSA was upgraded following the September 11, 2001 terrorist attacks. The USA PATRIOT Act was introduced in Congress by Congress. BSA and AML professionals' vital role was reiterated by Signed on October 26, 2001, which solidified the company's key role.
Bsa/aml professionals are among the bsa/aml professionals who work in bsa/aml
Professionals from BSA and AML work tirelessly around the clock to safeguard our financial system. Although banking rules and enforcement expanded, the BSA Officer's role remained unchanged. Although banking regulations changed and enforcement increased, the BSA Officer's role remained unchanged. They are the first line of defense in the security of our financial system from illicit and terrorist attack. They are preventing drug cartel funds from returning to their country of origin. Human smugglers are forbidden from funding their programs, according to BSA Officers. Their probes uncover evidence that has barred terrorists from funding their programs. The BSA Officer's duties include interminably and monitoring it all.
This position also has ramifications.. BSA employees work under a lot of pressure and have little tolerance for mistakes. BSA/AML services at their organizations have been held personally accountable with jail time or hefty fines for loosening BSA/AML policies in recent years. These characteristics, combined, reveal the importance of their position and importance to our national security..
Although the burden of such responsibility rarely comes with acknowledgement, a day like National Financial Crime Fighter Day gives the opportunity to express appreciation.. Dedicated BSA and ALM professionals from around the country are lauded on the day. The day also provides a way to raise funds' security and obstruct criminal activity.
How to celebrate financial crime fighter day on a financial crime fighter's day.
Taking time to appreciate the financial stability provided by BSA and AML professionals around the region's on-going efforts. To post on social media, use the hashtagFinancialCrimeFighterDay or #BSAAMLDay..
The national financial crime fighter day is the longest in national financial crime fighter day in history
On October 26, 2018, AbrigoTM, a leading enterprise risk management company, launched National Financial Crime Fighter Day, a leading enterprise risk management service. The day encourages the nation to express appreciation toward BSA and AML professionals, as well as everything else these experts do for the financial industry in the United States. Abrigo knows how hard these professionals work day in and day out. They worked really hard to get them the national recognition and adoration they so richly deserve. In addition, Abrigo has promised to continue pushing for more awareness and recognition for BSA and AML professionals, the true heroes of the financial industry.
