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FinCEN is using Earth Day to remind banks to “remain vigilant” about the risks of environmental crimes and the money laundering used to facilitate them.
The Vault
March 04, 2024

Judge rules against key anti-money laundering provision

A federal judge in Alabama sided with a small business trade association and ruled a key component of the Corporate Transparency Act unconstitutional.

It’s a blow to the Biden administration and related efforts to improve money laundering controls among smaller business entities, though we expect an appeal.

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