AMLA – US trigger to re-examine AML Compliance

Timothy J. Treanor (+1 212 839 8564, ttreanor@sidley.com) and Michael D. Mann (+1 212 839 5837, mdmann@sidley.com) are partners and Brian C. Earl (+1 212 839 5949, bearl@sidley.com) an associate at Sidley. The views expressed in this article are exclusively those of the authors and do not necessarily reflect those of Sidley Austin LLP and its partners. This article has been prepared for informational purposes only and does not constitute legal advice.

Legislation to overhaul the US anti-money laundering regime, effective 1 January 2021, will impact financial institutions and some of their customers far and wide. Timothy J. Treanor, Michael D. Mann and Brian C. Earl of Sidley look in detail at three of the major innovations.