On New Year’s Day 2021, Congress passed—over President Trump’s veto—a defense appropriations law containing the Anti-Money Laundering Act of 2020 (“AML Act”) and the Corporate Transparency Act, as part of a sweeping new set...more
1/5/2021
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Customer Due Diligence (CDD) ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Export Controls ,
Financial Institutions ,
FinCEN ,
Insurance Industry ,
Money Laundering ,
Nonprofits ,
Pooled Investment Vehicles ,
Sanction Violations ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Shell Corporations ,
Tax Evasion ,
Terrorist Financing Regulations
Early on the morning of June 13, 2017, over one hundred federal agents raided facilities across southern California belonging to behavioral health provider Sovereign Heath. The agents provided search warrants indicating that...more