Searching for Shells: New Federal Law Requires Privately-Held Companies to Disclose Ownership
By EsqSocial Corporation 14/01/21
Tucked away in the recently-passed National Defense Authorization Act is the long-expected Anti-Money Laundering Act of 2020 (AMLA). The AMLA is the most significant update to anti-money laundering (AML) laws in the U.S. in the past 20 years and includes a number of reforms, providing additional tools for enforcing financial and money laundering crimes, the enforcement of which is expected to increase under the incoming administration....
By: Pierce Atwood LLP