The Bank Secrecy Act (BSA) is also known as the Currency and Foreign Transactions Reporting Act. It is a U.S. law requiring financial institutions in the United States to assist U.S. government agencies in detecting and preventing money laundering.

Danske Bank is one of the major banks operating in Denmark and other major countries all over the world. There is a criminal investigation initiated upon them by the United States, Department of Justice (DOJ) for anti-money laundering (AML) investigations. So, Danske bank is alleged to have overlooked clear signs of laundering and misrepresented the risk to the public.

Question: Research existing litigation involving the BSA, explain Danske bank case based on those litigation and explain what the potential impact may be on those working in Financial professions as private practitioners, for Federal, State, or Local Government, and for Corporations depending on how the case may be resolved