Lawmakers Should Update The Anti-Money-Laundering Act Of 2020 To Account For Inflation
Joseph Steinberg
JUNE 17, 2021
While technological improvements over the past 51 years have obviously improved law enforcement’s capabilities vis-à-vis identifying problematic transactions, overreporting as a result of unnecessarily low thresholds can sometimes also hamper money-laundering detection by “creating much larger haystacks in which needles must be found.”
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