Financial crimes regulatory review - January 2022

It has been a significant twelve months for anti-money laundering (“AML”) and financial crimes regulators in the rulemaking process. The AML Act of 2020 (“AMLA”) represents one of the most impactful pieces of anti-money laundering, counter-terrorist financing, and anti-corruption-related legislation in recent years. 

The international AML regulatory framework is being drawn more closely together as part of combined approach to fight money laundering, financial crime, terrorist financing, and corruption.

This whitepaper will review some of the legislative and regulatory activity in the last 12 months in what has been an extremely active year particularly in the US.