By Alisha Houlihan for AMLi
The United States (US) Senate has blocked a bill to curb financial crime and corruption, in a setback to what lawmakers have called the country’s most significant anti-money laundering (AML) reform in 20 years.
The proposed Enablers Act, would have meant that trust companies, lawyers, art dealers would be required for the first time to investigate their clients, as well as the source of money and assets, according to the International Consortium of Investigative Journalists (ICIJ).
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!
