AMLA Adds Robust New Whistleblower Provisions for Anti-Money Laundering Violations
By EsqSocial Corporation 20/01/21
The AMLA Creates a Significant New Source of Risk for Financial Institutions - Second Blog Post in an Extended Series on Legislative Changes to the BSA/AML Regulatory Regime - As we have blogged, the Anti-Money Laundering Act of 2020 (the “Act”) (part of the National Defense Authorization Act (“NDAA”), passed on January 2, 2021), represents a historic overhaul of the Bank Secrecy Act (“BSA”). One of the most important changes – and certainly one that has attracted great attention by the...
By: Ballard Spahr LLP