The Bank Policy Institute, along with eight other financial services trade organizations, submitted a letter supporting Congress’s efforts to pass meaningful anti-money laundering reform legislation. The joint trade letter states that “these efforts will help modernize the anti-money laundering and countering the financing of terrorism (AML/CFT) regime in the United States and help prevent the use of corporate structures to hide the identities of their beneficial owners from law enforcement.”
You Might Also Be Interested In...
AML, Bank Secrecy Act and Sanctions
BPI’s Heather Hogsett Testifies Before House Subcommittee on Cybersecurity, CISA’s Contributions
AML, Bank Secrecy Act and Sanctions
FinCEN Must Preserve Beneficial Ownership Data Usefulness, Discourage Inappropriate Reporting Omissions
AML, Bank Secrecy Act and Sanctions
BPI Responds to FinCEN Request for Comments Regarding Beneficial Ownership Information Reports
AML, Bank Secrecy Act and Sanctions
Russian Oligarchs Hide Money in U.S. Only Reliable Data Can Stop Them.
AML, Bank Secrecy Act and Sanctions
BPI Comments on FinCEN Proposed Rulemaking on Access to and Safeguards for Beneficial Ownership Information
AML, Bank Secrecy Act and Sanctions
Business-Ownership Registry Access Rules Should Ensure Banks Can Focus on Threats
More Posts by This Author