US treasury

Comments sought on new US AML Act, significant implications for financial institution

By Mark Ford on April 26, 2021

The US treasury department’s Financial Crimes Enforcement Network (FinCEN) has published an Advance Notice of Proposed Rulemaking (ANPR) seeking comments on the new Anti-Money Laundering Act of 2020 (AML Act) which includes the Corporate Transparency Act (CTA). Reforms in the… Read More ›

Scale and scope of IFFs increasing due to coronavirus

By Mark Ford on May 20, 2020

The scale and scope of illicit financial flows (IFFs) could be increasing as authorities are distracted and overwhelmed by the coronavirus pandemic and its impacts according to Global Financial Integrity (GFI). The Washington-based think tank that focuses on IFFs says… Read More ›

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US treasury

Comments sought on new US AML Act, significant implications for financial institution

Scale and scope of IFFs increasing due to coronavirus