Which of the following is a requirement under the Bank Secrecy Act?

The requirement under the Bank Secrecy Act (BSA) that stands out is the reporting of large currency transactions. The BSA mandates that financial institutions must report any cash transactions exceeding $10,000 in a single day to the Financial Crimes Enforcement Network (FinCEN). This requirement helps in the detection and prevention of money laundering and other financial crimes by ensuring that suspicious transactions come under regulatory scrutiny.

The BSA aims to assist government agencies in tracking, preventing, and prosecuting financial crimes that can arise from large sums of cash entering the financial system. This vigilance is crucial for maintaining the integrity of the banking and financial systems.

On the other hand, the other options do not align with the specific mandates of the Bank Secrecy Act. Annual employee performance reviews, consumer credit reports, and annual profit statements are not requirements under the BSA and fall outside the scope of anti-money laundering regulations aimed at monitoring financial transactions.