Anti-Money Laundering Update

Federal agencies have powerful new tools to combat money laundering in the form of the Anti-Money Laundering Act of 2020 (AMLA). The AMLA expands corporate reporting requirements, gives federal investigators greater power to obtain financial records, and imposes stiff penalties for unlawful activity and non-compliance. This Legal Quick Hit also examined comparable anti-money laundering efforts in both the EU and UK....
By: Womble Bond Dickinson

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