Border Information Sharing Pilot News Today : Breaking News, Live Updates & Top Stories | Vimarsana

In Short The Situation: On January 1, 2021, the U.S. Congress enacted the most significant reforms to U.S. anti-money laundering laws in decades. The Anti-Money Laundering Act of 2020 ("AMLA") and the Corporate Transparency Act ("CTA"), both within the National Defense Authorization Act, became law upon votes by the U.S. Senate and House of Representatives to override the President's veto. The Result: The enactment of AMLA and CTA initiates an extended regulatory implementation process, as many of the new anti-money laundering requirements take effect over time when the responsible federal ...

In Short The Situation: On January 1, 2021, the U.S. Congress enacted the most significant reforms to U.S. anti-money laundering laws in decades. The Anti-Money Laundering Act of 2020 ("AMLA") and the Corporate Transparency Act ("CTA"), both within the National Defense Authorization Act, became law upon votes by the U.S. Senate and House of Representatives to override the President's veto. The Result: The enactment of AMLA and CTA initiates an extended regulatory implementation process, as many of the new anti-money laundering requirements take effect over time when the responsible federal ag...