The U.S. Treasury Department is taking a "hard look" at federal rules against money laundering and terrorist financing and considers their overhaul a priority, a senior official said. Sigal Mandelker, head of the department's Office of Terrorism and Financial Intelligence said in a congressional hearing Wednesday that she has tasked her agency, which administers sanctions and oversees U.S. efforts against illicit finance, with reviewing the Bank Secrecy Act, or BSA, and identifying areas ripe for reform. "I think it's time for us to revisit the regime writ-large. …We have to get out of the 1970s and the 1990s and move...
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