Legislative Reform Will Reinvent the US Anti-Money Laundering Regulatory Landscape
By EsqSocial Corporation 06/01/21
New federal requirements in the annual national defense budget reauthorization effectively will end anonymous U.S. shell companies by requiring businesses to disclose 25 percent owners and control persons to a newly created federal registry maintained by the U.S. Treasury Department. The incoming administration will be responsible for implementing significant amendments of the U.S. AML regulatory regime adopted as part of this legislation....
By: Pillsbury Winthrop Shaw Pittman LLP