US Congress to adopt ‘Enablers’ Act in AML and corruption crackdown

The US Congress is gearing up to adopt the ENABLERS Act, which would extend anti-money laundering requirements (AML) in the Bank Secrecy Act, such as customer due diligence and reporting suspicious transactions, to professional service providers, including lawyers and accountants, third-party payment services and people who form or register companies or trusts.

By Sara Lewis

The US Congress is gearing up to adopt the ENABLERS Act [1], which would extend anti-money laundering requirements (AML) in the Bank Secrecy Act [2], such as customer due diligence and reporting suspicious transactions, to professional service providers, including lawyers and accountants, third-party payment services and people who form or register companies or trusts.