The FinCEN Advisory "...is a recurring series designed for the financial, regulatory and law enforcement communities. Subsequent advisories will describe trends and developments related to money laundering and financial crime." In this issue of FinCEN: "Protection of financial institutions from liability to customers is an essential part of the United States' program for reporting suspicious activities. Congress created that protection in 1992 when it added a safe harbor from civil liability for reporting institutions to the Bank Secrecy Act (BSA). Now, in Merrill Lynch v. Green, a recent decision applying the protection, a federal court provides strong support for the statute, in a situation where a securities firm voluntarily reported a suspicious transaction."
Financial Crimes Enforcement Network: http://www.fincen.gov
FinCEN Advisory (August 1996), v.1 iss.5