BPI, Industry Trades Support Congressional AML Reform Efforts

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.”