Congress Rings in the New Year With Substantial Changes to Anti-Money Laundering Laws
Securities Enforcement and Regulatory Update Congress Rings in the New Year With Substantial Changes to Anti-Money Laundering Laws January 5, 2021 Share The new year rings in the most significant changes in U.S. anti-money laundering (AML) law since the enactment of the USA PATRIOT Act and its implementing regulations in 2001. 1 The National Defense Authorization Act (NDAA) for fiscal year 2021, highlighted in the press for Congress’ override of a veto by the President of the United States, included the Anti-Money Laundering Act of 2020 (AML Act). The AML Act will have a substantial impac...
Source: sidley.com