National Financial Crime Fighter Day | October 26
Thu Oct 26th

National Financial Crime Fighter Day

The Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) professionals are recognized on National Financial Crime Fighter Day (October 26th). Not all superheroes wear capes, but not all superheroes wear capes. They may wear business suits, dresses, or jeans and work in financial institutions' back offices. These are the individuals who safeguard the United States' financial industry. They include law enforcement officers and other government employees.


Financial crime has a long tradition of financial crime

The drug wars in the 1960s and 1970s 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, the Banking Secrecy Act (BSA) was passed by Congress to improve anti-money laundering (AML) efforts and avoid criminal financing of criminal enterprises. Following the September 11, 2001 terrorist attacks, the BSA was redesigned. The USA PATRIOT Act was introduced in Congress by the Congress. It cemented the critical role of BSA and AML specialists, as it was announced on October 26, 2001.

Professionals in the bsa/aml sector include professionals from the bsa/aml trades

BSA and AML specialists work tirelessly around the clock to safeguard our financial system. Although financial laws changed and enforcement increased, the BSA Officer's role remained unchanged. Although banking rules changed and enforcement expanded, the BSA Officer's role remained unchanged. They are the first line of defense in the protection of our financial system from unlawful and terrorist attack. They have banned drug cartel funds from returning to their country of origin. Human traffickers are not allowed to finance their operations, according to BSA Officers. Their investigations 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 face a lot of pressure and little tolerance for mistakes. Professionally held accountable for loosening BSA/AML services at their organizations 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 serves as a way to raise funds' security and obstruct criminal activity.

How to celebrate financial crime fighter day on a financial crime fighter's day

Take 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, National Financial Crime Fighter Day, a leading enterprise risk management service, was established on October 26, 2018. The day encourages the country to express appreciation toward BSA and AML professionals and all that 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 hard to get them the national recognition and adoration they so richly deserve. In addition, Abrigo has pledged to continue pushing for more awareness and recognition for BSA and AML professionals, the true heroes of the financial industry.