The BSA required banks to:

1) Report cash transactions over $10,000 using the Currency Transaction Report

2) Properly identify persons conducting transactions

3) Maintain a paper trail by keeping appropriate records of financial transactions

$10,000 in 1970 was the equivalent of almost $80,000 today

What does this mean?

The Bank Secrecy Act is being used to surveil smaller and smaller transactions

Since the value of the US Dollar has dropped, transactions that are $10,000 or more are becoming more common.