This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Corruption - Anti-money laundering, transparency, bank rules - Senate, FinCEN (US)

A US Senate proposal would require the disclosure of beneficial owners of newly registered corporations in the US.  The Improving Laundering Laws and Increasing Comprehensive Information Tracking of Criminal Activity in Shell Holdings (ILLICIT CASH) Act would also require the Department of Justice to provide the Treasury Department with information about the law enforcement effectiveness of anti-money laundering registrations. It would require foreign banks to "produce records in a manner that establishes their authenticity and reliability for evidentiary purposes" and would authorize contempt sanctions for foreign banks that fail to comply.

To add details to this portfolio regarding legal or economic representatives, please contact editors@mlex.com.

Timeline

Parties

Get the inside track, with MLex

With a global network of expert journalists digging deep into the areas of risk that matter to your business and clients—and the highest standards of impartiality—you can have complete trust in MLex to keep you ahead of the regulatory curve.


  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from specialists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

TRY MLEX FREE FOR 14 DAYS

View the parties now

Already a subscriber? Click here to login