AML Act of 2020 – 5 Key Takeaways

On January 1, 2021, Congress passed the National Defense Authorization Act (NDAA),  addressing a variety of defense and national security matters, including the most substantial and sweeping legislative reforms to US anti-money laundering (AML) and counter-terrorism financing (CFT) laws since the USA Patriot Act of 2001. The NDAA introduces these AML/CFT amendments and enhancements in [...]