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MoFo Reenforcement The Enforcement Blog

Tag Archives: CDD Rule

The Anti-Money Laundering Act of 2020

Posted in Regulatory Developments

On New Year’s Day, Congress overrode President Trump’s veto of the National Defense Authorization Act (NDAA) for the 2021 fiscal year, turning the bill into law without requiring the president’s signature. The NDAA includes the Anti-Money Laundering Act of 2020 (AMLA), the first major reform of the 50-year-old United States anti-money laundering (AML) framework since the… Read More