The news came in a letter from the National Hot Rod Association. A prototype of the new Dodge Demon had set an all-time dragstrip record, hitting 140 at the end of the quarter mile in just 9.65 seconds. Oh, and the NHRA added, it was banning the new muscle car from production before the first model officially rolled off the production line.
The Federal Financial Institutions Examinations Council (FFIEC) released the Bank Secrecy Act (BSA)/ Anti-Money Laundering Examination Manual to ensure consistent application of the act to commercial banks, savings associations and credit unions (www.
Structuring: Structuring transactions to evade BSA (Bank Secrecy Act) reporting and certain recordkeeping requirements can result in civil and criminal penalties under the BSA. Under the BSA , no person shall, for the purpose of evading the CTR (Currency Transaction Reporting) : â¢ Cause or attempt to cause a bank to fail to file a CTR or a report required under a geographic targeting order or to maintain a record required under BSA regulations.