Financial services professionals on Thursday called on lawmakers to reform Bank Secrecy Act rules, which they say overburden their organizations, regulators and law enforcement with marginally useful anti-money laundering related reports. "In the absence of meaningful regulatory relief, depository institutions will continue to file countless defensive [suspicious activity reports] and [currency transaction reports] on every cash transaction of $10,000 or more," Carolyn Mroz, chief executive officer of Bay-Vanguard Federal Savings Bank in Baltimore, said in testimony before a House of Representatives committee hearing in Washington, D.C.. Banks have long questioned the usefulness of most CTRs, which are filed on every...