Entries tagged “anti-money laundering”
The Most Significant Change to AML Rules Since the USA Patriot Act
insights Thomas Fawell · January 4, 2021
Overview. January 2, 2021. The newly enacted National Defense Authorization Act[1] (NDAA) imposes the most significant reformation of the Bank Secrecy Act (BSA) and related anti-money laundering (AML) laws since the adoption of the USA PATRIOT Act. The largest changes are in division F, the Anti-Money Laundering Act of 2020 (the “Act”). The general intent of…