USA PUSHES AHEAD WITH AML REFORMS – BUT SOME SIGNIFICANT REGULATORY HOLES REMAIN
March 18th, 2024
The Financial Crimes Enforcement Network (FinCEN), the USA’s FIU, has made progress on some key long-awaited reforms, including building its beneficial ownership reporting regime, and cracking down on crypto-currency mixers, even though some major AML/CFT holes persist – such as lawyer CDD/SAR filing.
Ross Delston, an independent American attorney and expert witness, also welcomed FinCEN’s pushing forward on such "big proposals, including such perennials as including real estate agents and registered investment advisers in the US BSA/AML framework”. ...
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