Bank Secrecy Act III
It’s in the Numbers
- POS and RSS offices must submit PS Form 8105-A, Funds Transaction Reports, electronically for sales of postal financial instruments totaling $3,000 or more to the same customer in a single day or cashing more than $10,000 of financial instruments for a single customer in a single day.
- The information on this form is required under the federal Bank Secrecy Act (BSA) anti-money laundering compliance law.
Complying with the Bank Secrecy Act is the law — and the right thing to do.
And it’s also smart business.