The STREAMLINE Act would raise outdated reporting thresholds under the Bank Secrecy Act for the first time in 50 years, easing compliance burdens for banks and crypto exchanges.
A group of US senators led by Senate Banking Committee Chair Tim Scott, a South Carolina Republican, has introduced legislation to modernize the Bank Secrecy Act, the foundation of the country’s Anti-Money Laundering (AML) framework.
The Bank Secrecy… [2793 chars]
Source: Cointelegraph | Published: 2025-10-22T21:31:52Z
Credit: Cointelegraph
