I commented on an article published by PaymentsCompliance, a global leader in supporting the payments industry, on new legislation proposed in the U.S. Senate to target terrorism financing and money laundering. In the article, I point out that the proposed bill could create a greater compliance burden for banks and other financial entities and service providers. I also note that it is “nice to see a bipartisan effort to come up with something which most people would agree is a good measure.”
The full article, “U.S. Bill Proposes Major AML Updates,” was published on June 5, 2017, by PaymentsCompliance. The article is available online.