{"ok":true,"canonical_url":"https://dealroom.so/glossary/bsa-aml-requirement","api_url":"https://dealroom.so/api/public/glossary/bsa-aml-requirement","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"bsa-aml-requirement","term":"BSA/AML Requirement","aka":"Bank Secrecy Act / Anti-Money Laundering Requirement","group":"People and paperwork","definition":"These are federal regulations requiring financial institutions to report suspicious transactions and verify customer identities to combat money laundering and terrorism financing. Your lender must follow these rules.","what_it_means":"Your SBA lender is legally obligated to comply with the Bank Secrecy Act and Anti-Money Laundering rules. This translates into strict due diligence on your identity, the source of your equity injection, and the legitimacy of the business acquisition. Be prepared to provide extensive documentation to satisfy these requirements.","url":"https://dealroom.so/glossary/bsa-aml-requirement","official_sources":[],"related":[{"slug":"anti-money-laundering-regulation","term":"Anti-Money Laundering Regulation","url":"https://dealroom.so/glossary/anti-money-laundering-regulation"},{"slug":"proof-of-funds","term":"Proof of funds","url":"https://dealroom.so/glossary/proof-of-funds"},{"slug":"compliance","term":"Compliance","url":"https://dealroom.so/glossary/compliance"},{"slug":"seasoned-funds","term":"Seasoned funds","url":"https://dealroom.so/glossary/seasoned-funds"}],"related_questions":[{"question":"Is \"insurable interest\" always a legal requirement for obtaining business life insurance?","url":"https://dealroom.so/sba-7a/questions/is-insurable-interest-always-a-legal-requirement-for-obtaining-business-life-insurance"},{"question":"Is profitability a strict requirement for getting an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/is-profitability-a-strict-requirement-for-getting-an-sba-7-a-loan"},{"question":"Is a blanket lien on all business assets a standard SBA requirement?","url":"https://dealroom.so/sba-7a/questions/is-a-blanket-lien-on-all-business-assets-a-standard-sba-requirement"},{"question":"How is the equity injection requirement affected if I'm purchasing a franchise?","url":"https://dealroom.so/sba-7a/questions/how-is-the-equity-injection-requirement-affected-if-i-m-purchasing-a-franchise"},{"question":"Is the collateral requirement less strict for smaller SBA 7(a) loan amounts?","url":"https://dealroom.so/sba-loans/basics/is-the-collateral-requirement-less-strict-for-smaller-sba-7-a-loan-amounts"},{"question":"What is the SBA's minimum equity injection requirement for a business acquisition?","url":"https://dealroom.so/sba-loans/basics/what-is-the-sba-s-minimum-equity-injection-requirement-for-a-business-acquisition"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — BSA/AML Requirement","url":"https://dealroom.so/glossary/bsa-aml-requirement","source_type":"DealRoom Data"}}