This year, regulators, supported by a slate of new legislation, have focused more of their efforts on AML violations and compliance deficiencies than ever before. As we have written about in the "AML Enforcement Continues to...more
8/24/2021
/ Anti-Money Laundering ,
CFTC ,
Cryptocurrency ,
Financial Crimes ,
FinCEN ,
IRS ,
Money Laundering ,
NDAA ,
Popular ,
Reporting Requirements ,
Securities and Exchange Commission (SEC) ,
U.S. Treasury
As covered in our earlier advisory, "AML Enforcement Continues to Trend in 2021," the recently passed National Defense Authorization Act for fiscal year 2021 included the Anti-Money Laundering Act of 2020 (AML Act), which...more
Federal regulators are increasing their scrutiny of companies' compliance with Anti-Money Laundering and Bank Secrecy Act Obligations, and if January is any indication, 2021 will be a record year for penalties. Just in the...more