October 23, 2025

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Congress moves to revamp Bank Secrecy Act’s reporting thresholds after 50 years

1 min read
Congress moves to revamp Bank Secrecy Act’s reporting thresholds after 50 years

Congress moves to revamp Bank Secrecy Act’s reporting thresholds after 50 years

The STREAMLINE Act would update anti–money laundering rules by lifting decades-old thresholds for transaction reporting, cutting red tape for banks and crypto companies.