Series 24: Bank Secrecy Act (1970)

Taken from our Series 24 Online Guide

Bank Secrecy Act (1970)

The Bank Secrecy Act (1970) was the first federal government attempt to address money laundering. Its original provisions required financial institutions to keep records of cash purchases of negotiable instruments, to file reports of cash transactions exceeding $10,000, and to report suspicious activity that might signify money laundering, tax evasion, or other criminal activities. The failure of man

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I used Solomon to sit Series 24 and Series 79, passing with 81% and 88% respectively. Having looked at other material providers, Solomon stands out because of their prompt replies to student questions and the completeness of the answers provided – they are the best out there!

Chris Brice,CFA Bell Potter Cantley, Québec, Canada

I passed the Series 24 on the first try with an 80%! This was the highest of all of my Series exam scores and I attribute much of my success to Solomon's amazing study materials. The practice exams are spot-on and the video lectures were a great supplement to the readings. I suggest following the study schedule Solomon provides for a successful outcome!

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Jason Bowen, Southington, CT

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