Top of Mind Compliance Issues for 2021 – The AML Act of 2020

Protiviti - The main headline about the Anti-Money Laundering Act of 2020 (the AML Act) has been that the United States finally moved to address a long-standing gap in its anti-money laundering (AML) regime by establishing a national registry of beneficial owners. Not reading beyond that headline, however, would be a mistake because the AML Act includes many other provisions that, taken collectively, could reshape the future of AML compliance in the United States. In our latest paper, we summarize many of the key provisions of the AML Act that should be top of mind for management and compliance professionals. These are grouped by topic and do not necessarily track to the specific title of the law in which the provisions are included.

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