The following post is written by Katya Soldak, a New York-based journalist and multimedia producer, reporting on stock and currency markets.

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In that case, the Bank of New England was tried and convicted of a number of violations of the Currency Transaction Reporting Act, while the individual bank employees were acquitted of the charges.

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The Bank Secrecy Act of 1970 (or BSA, or otherwise known as the Currency and Foreign Transactions Reporting Act) requires financial institutions in the United States to assist U.S. government agencies to detect and prevent money laundering.

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Some Asian conglomerates, such as South Korea's Hyundai and Samsung, have been reporting in dollars as well as local currency for years.

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Anyone who scans much online technology journalism will know that snarky opinion pieces and cheap reviews - offered to readers for nothing - are its common currency so asking for cash to support heavyweight reporting seemed optimistic to say the least.

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