Answered

IDNLearn.com: Your go-to resource for finding precise and accurate answers. Our experts provide timely and precise responses to help you understand and solve any issue you face.

FinCEN accomplishes its mission to safeguard the financial
system from the abuses of financial crime, including terrorist
financing and money laundering, by enforcing:
A) SEC regulations.
B) the Bank Secrecy Act.
C) the Securities Act of 1933.
D) the Investment Company Act of 1940.
۵۵

Sagot :

GinnyAnsweridn

Final answer:

FinCEN safeguards the financial system by enforcing the Bank Secrecy Act and collaborating with the Securities and Exchange Commission to regulate financial markets.


Explanation:

FinCEN accomplishes its mission of safeguarding the financial system by enforcing the Bank Secrecy Act, which regulates banks and financial institutions to combat financial crimes like terrorist financing and money laundering. This act requires financial institutions to report certain transactions to prevent illicit activities.

The Securities and Exchange Commission (SEC) also plays a crucial role in regulating securities markets, ensuring full disclosure and preventing malpractices. Additionally, the Financial System is heavily regulated by various entities to maintain stability and protect investors' interests.


Learn more about Financial Regulation here:

https://brainly.com/question/32731467


We are happy to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. Your questions deserve precise answers. Thank you for visiting IDNLearn.com, and see you again soon for more helpful information.