LEGAL GUIDE
Written by attorney Carlton S Chen

FEDERAL PREEMPTION OF STATE LAW

Using the Bank Secrecy Act (BSA) as an example to show how Federal law and regulations preempt a Connecticut banking law. The context is whether Asker, an individual, is illegally operating as a money transmitter as defined in the BSA as well as under the Connecticut law.

Additional resources provided by the author

General Description of Preemption at https://law.jrank.org/pages/9329/Preemption.html (1 page) Congressional Research Service: Federal Preemption: A Legal Primer at https://fas.org/sgp/crs/misc/R45825.pdf (32 pages)

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