
FinCEN director asks bankers to “help us shape the rules” on new AML Act
The director of the US treasury department’s Financial Crimes Enforcement Network (FinCEN) has addressed bankers to share some of his perspectives on the US’ new Anti-Money Laundering Act of 2020 (AML Act).
Kenneth Blanco said the act, which includes the Corporate Transparency Act (CTA), is a landmark piece of legislation and the greatest addition to the AML regime since the US Patriot Act and that “the timely and effective implementation of the AML Act is FinCEN’s number one priority.”
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Trade Based Financial Crime
Trade Based Financial Crime
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