United States:
The Anti-Money Laundering Act Of 2020: A Survey Of Key Provisions And Practice Takeaways
07 May 2021
Perkins Coie LLP
To print this article, all you need is to be registered or login on Mondaq.com.
The AMLA 2020 includes sweeping reforms updating and modernizing
U.S. anti-money laundering laws, many of which have implications
beyond financial institutions regulated under the Bank Secrecy
Act.
This multipart series will discuss key
takeaways, including (1) new corporate beneficial ownership
disclosure requirements; (2) enhanced whistleblower program; (3)
expanded subpoena authority over foreign financial institutions
accessing the U.S. market; (4) new criminal penalties for
concealing the involvement of foreign officials in transactions;
(5) expansion of AML law to codify jurisdiction over virtual
currency activities; and (6) development of regulatory solutions
with a greater focus on emerging technologies.
Originally published April 12, 2021.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Technology from United States
Risks And Best Practices For GenAI In The Workplace
Nyemaster Goode
Generative artificial intelligence, or GenAI, is moving into all facets of life—including the workplace. Employees are using GenAI now. To mitigate GenAI legal risks, employers need to set up...
AI Legal & Regulatory News—Week Of 3/25/24
Steptoe LLP
Below is this week's tracker of the latest legal and regulatory developments in the United States and in the EU. Sign up here to ensure you do not miss an update.
The Impacts Of Chat GPT On Corporate Litigation
Butler Snow LLP
Artificial intelligence ("AI") is one of the most rapidly developing components of the technology sector. This is especially true within the last five years, as evidenced by the increased...