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(Getty Images) The bank reportedly disclosed information of 211 accounts, after searching for transactions made by people in Washington on the day of the riot, or bought lodging, weapons, or airline tickets in the days around the attack on the Capitol.  However, Bank of America has refused to comment on its communication with law enforcement. When contacted by Daily Mail, the bank reportedly said, “We don’t comment on our communications with law enforcement. All banks have responsibilities under federal law to cooperate with law enforcement inquiries in full compliance with the law...

Thursday, January 7, 2021 On Jan. 1, 2021, the U.S. Senate joined the House in voting to override President Trump’s veto of the National Defense Authorization Act of 2021 (NDAA), which includes several new anti-money laundering (AML) provisions that may be of keen interest to dealers and other participants in the art and antiquities markets. The legislation comes on the heels of a lengthy report issued by the Senate’s Permanent Subcommittee on Investigation in mid-2020, entitled  In this post, blog host Kevin Ray, past co-chair of the American Bar Association Section of Interna...

New York: The antiquities trade, which regulators have long feared provided fertile ground for money laundering and other illicit activities, will be subject to greater oversight under legislation passed by Congress on Friday when it overrode President Donald Trump's veto. The provisions tightening scrutiny of the antiquities market were contained within the sprawling National Defense Authorization Act, which Trump vetoed last week and which the House and Senate voted to override on Monday and on Friday. Regulators have long worried that the opacity of the antiquities trade, where buyers and ...

Congress Poised to Apply Banking Regulations to Antiquities Market Regulators have long worried that the secrecy of the antiquities trade, where buyers and sellers are seldom identified, made it an easy way to launder money. Credit...Samuel Corum for The New York Times By Zachary Small Jan. 1, 2021 The antiquities trade, which regulators have long feared provided fertile ground for money laundering and other illicit activities, will be subject to greater oversight under legislation passed by Congress on Friday when it overrode President Trump’s veto. The provisions tightening scrutiny of th...

To print this article, all you need is to be registered or login on Mondaq.com. Congress passed additional COVID-19 relief legislation (H.R. 133) on Monday evening, December 21, 2020. Today, President Trump is expected to sign the deal, which includes a $900 billion economic stimulus package that will provide relief benefits to businesses and individuals impacted by the COVID-19 pandemic. The following is a summary of some of the provisions that will have a major impact: Financial Support for Businesses PPP Loan Recipients The legislation includes more than $280 billio...