Text Callout : Key Takeaways - If You Deposit a Lot of Cash, Does Your Bank Report It to ... and adjusted with the Patriot Act in 2002. The law is an effort to curb money laundering and other ...

Savings accounts are great for money you may need in the near term. For long-term goals like retirement, most people need to invest in higher-growth assets like stocks. Keeping too much money in a ...

The Monetary Control Act (MAC) was a federal law passed in 1980 that changed bank regulations significantly. The bill was proposed in response to record two-digit inflation experienced in the late ...

Banks have continued to invest in technology and staff to continue meeting their Bank Secrecy Act compliance obligations, ...

TD Bank is the 10th-largest bank in the country – but for a while was the No. 1 choice for criminal organizations laundering drug money, according to federal prosecutors. The bank's $3 billion ...

Rachel Dobkin is a Newsweek reporter based in New York. Her focus is reporting on politics. Rachel joined Newsweek in October 2023. She is a graduate of The State University of New York at Oneonta.

TD Bank will pay $3 billion to settle charges ... s investigation that the bank violated of the Bank Secrecy Act and allowed money laundering.The U.S. Department of Justice said in a statement ...

The 1913 Federal Reserve Act is the legislation ... infusions from J.P. Morgan. Banking reform became a priority to reassure the populace of the safety of their money. In 1912, President Woodrow ...