Posts in Category: glossary

Bank Secrecy Act

The “Bank Secrecy Act” is a U.S. Law that requires financial institutions to assist the U.S. Government in detecting and preventing money laundering. The full name of the Act is “The Bank Secrecy Act of 1970” (or “BSA”), and is available at: 31 U.S.C. 5311-5330 and implemented as rules

Read More

Charity Gift Card

A “Charity Gift Card” is a gift card (or gift certificate, or virtual gift card) that is purchased by a “sender” or “purchaser” and given to a “recipient”. The sender or purchaser of the charity gift card buys the gift card from a gift card issuer (such as Read More