Detailed text transcripts for TV channel - MSNBC - 20190520:09:16:00
To the bank and this is a bank well hey this is a customer that makes us a lot of money you can imagine the financial incentives to ignore a suspicious activity. >> if it's not a crime what it? >> suspicious. the bank secrecy act defines, requires these institutions to create these reports. it can be something as simple as the amount of money, the amount of money deposit might be, look like it's meant to evade the reporting requirements. that's a money laund, issue or a structuring issue. but the bottom line is this. it's a legal requirement that banks create this report but then what does the...