Anti-Money Laundering Act of 2020 Makes Significant Changes to BSA/AML Regime
By EsqSocial Corporation 22/12/20
On December 11, 2020, an annual defense spending bill, the National Defense Authorization Act (the “NDAA”), was presented to the President, having passed both houses of Congress. Within the NDAA, nearly 1,500 pages is the Anti-Money Laundering Act of 2020 (the “AML Act”), which significantly reforms the Bank Secrecy Act (“BSA”) and other anti-money laundering (“AML”) laws....
By: Arnall Golden Gregory LLP