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International Narcotics Control Strategy Report (INCSR)

An annual report prepared by the U.S. government, usually by the Department of State, that details the efforts of foreign countries to combat international drug trafficking and money laundering.

Money Laundering

The process of disguising the origins of illegally obtained money, typically by putting it through legitimate businesses or investments, so it appears to have come from a legal source.

Bank Secrecy Act (BSA)

A U.S. law requiring financial institutions to help U.S. government agencies detect and prevent money laundering. It requires institutions to keep records of cash purchases, file reports of suspicious activity, and report cash transactions over $10,000.

Federal banking agency

Government agencies responsible for supervising and regulating banks and other financial institutions in the United States, such as the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).

Foreign Assistance Act of 1961

The primary U.S. foreign aid law, which outlines the purposes and conditions under which the U.S. provides assistance to other countries, including for international narcotics control.