FREE PREVIEW
|
LOGIN OR SUBSCRIBE NOW TO READ THIS ARTICLE
|
Trades back House bills on BSA/AML
|
Banking, Legislation
Friday, October 18, 2019
|
|
Saying that Congress is “long overdue” to work together on legislation to prevent money laundering and counter terrorism financing, a group of financial services trade associations wrote House leaders in support of two bills expected to get votes this week.
The bills would create a national database that banks could use to verify a business’s beneficial ownership information and modernize the existing Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) framework by enhancing bank-law enforcement communications.
Read on for more details of the associations’ outreach.
TO READ THE FULL STORY
|

|
Already a subscriber?
Problems logging in?
Please call 330-659-6101 x 805 or email us for assistance.
|
|
Today's other top stories