A New and Better AML Regime?
On February 16, 2017, The Clearing House (a banking association and payments company that is owned by twenty-five of the largest commercial banks) released a report entitled A New Paradigm: Redesigning the U.S. AML/CFT Framework to Protect National Security and Aid Law Enforcement. The report analyzes the current effectiveness of the U.S. anti-money laundering/counter-terrorism financing […]
Regulatory Activity Unabated Despite Uncertain Regulatory Outlook
A month into the new U.S. administration, it’s clear that the political landscape is shifting. The administration has issued executive orders calling for a review of existing laws and regulations based on how they promote certain “core principles” related to the regulation of the U.S. financial system; a review of the Department of Labor’s Fiduciary […]
