U.S. Supreme Court,
Banking
Oct. 25, 2022
Bank Secrecy Act exposes failure of Congress in articulating its intent
The circuit split that must be resolved in Bittner - with the Ninth and Fifth Circuits offering competing but both arguably reasonable interpretations of the statute and regulations - demonstrates the need for Congress to clearly articulate tax enforcement statutes.
Ariel A. Neuman
Principal
Bird Marella
Phone: 310-201-2100
Email: aneuman@birdmarella.com
Ariel is a trial lawyer and former federal prosecutor. He regularly represents corporations and individuals in high-stakes white collar criminal matters and bet-the-company civil litigation.
Alexander H. Tran
Associate
Bird, Marella, Boxer, Wolpert, Nessim, Drooks, Lincenberg & Rhow, P.C.
The U.S. Supreme Court's decision to take up the Bittner case (Bittner v. United States, No. 20-40597, 5th Cir. (2021)), will allow it to resolve a circuit split over the interpretation of the Bank Secrecy Act (BSA) and regulations enacted pursuant thereto. The outcome will directly affect US persons living or doing business abroad who hold certain bank or brokerage a...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In