AML Overhaul: The U.S. Anti-Money Laundering Act of 2020 and the post-Brexit U.K. AML Regime
Financial institutions and their customers are facing significant changes in anti-money laundering (“AML”) law in both the U.S. and U.K.
This webinar addresses key provisions of the U.S. Anti-Money Laundering Act of 2020, including the Corporate Transparency Act, broadened subpoena powers over non-U.S. banks, new criminal offenses, and enhanced penalties. The webinar also reviews the U.K. AML regime, including beneficial ownership disclosure requirements and new diligence obligations vis-à-vis correspondent relationships with EU-based financial institutions.
Join Cadwalader’s cross border white collar experts who will discuss key provisions that have already taken effect, and new obligations that will come online in the future.