Friday, April 16, 2021

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The Anti-Money Laundering Act: Enforcement and Compliance Implications

March 4, 2021 @ 12:00 pm – 1:00 pm
Volkov Law

The Anti-Money Laundering Act of 2020 (AMLA) was enacted on Jan. 2, 2020, when Congress overrode President Donald Trump’s veto of the National Defense Authorization Act. The AMLA is the most significant revision of U.S. anti-money laws since the USA PATRIOT Act in 2001. The AMLA: (1) expanded the Treasury Department’s whistleblower program; (2) authorized FinCEN to establish a beneficial ownership registration database targeting shell companies; and (3) created new Bank Secrecy Act (BSA) violations and enhanced BSA penalties for repeat and egregious violators.

Join Elizabeth Slim, Senior Consultant from The Volkov Law Group, and Steven Goldberg, Director, Baker Tilly, as they review the AMLA and the implications for AML enforcement and compliance.

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