The Anti-Money Laundering Act Of 2020: What Businesses Need To Know Now
By EsqSocial Corporation 26/04/21
The National Defense Authorization Act for Fiscal Year 2021 (“NDAA”) enacted earlier this year includes several provisions that may impose new reporting requirements on both foreign and domestic businesses. NDAA is an omnibus statute that includes, among other things, the Anti-Money Laundering Act of 2020 (“AMLA”). AMLA itself includes numerous new requirements, the most notable of which provides for a new beneficial ownership reporting requirement for certain businesses, expanded subpoena...
By: Hahn Loeser & Parks LLP