Free White Paper

The Anti-Money Laundering (AML) Act of 2020—the most significant update to the United States’ regulatory framework to combat illicit finance since adoption of the USA PATRIOT Act in 2001—became law on 1 January 2021. 

As in the case of the USA PATRIOT Act, the changes required by and associated with the AML Act will take years to implement. These changes will impact financial institutions, newly formed companies, antiquities dealers, and the U.S. government agencies responsible for implementing and executing AML/Combating the Financing of Terrorism (CFT) regulations, among others. This whitepaper lays out the expected rulemaking and other activities mandated by and associated with the AML Act.

The whitepaper breaks the Act down into seven key areas of impact, including:

  • Company Formation
  • Reposting and Information-Sharing
  • New Sectors
  • Technology
  • Enforcement
  • International Impacts
  • Risk