Anti-Money Laundering Act of 2020 Brings New Opportunities for Acting on International Money Laundering

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Friday, May 14, 2021
Author: 
Bruce Zagaris
Volume: 
37
Issue: 
5
Abstract: 

The enactment of the Anti-Money Laundering Act of 2020 (AMLA) has brought new opportunities for foreign governments and stakeholders interested in stopping international money laundering.  Until now, foreign governments have had difficulty maintaining civil actions in the United States to hold accountable persons participating in criminal activity, such as corruption, tax crimes, fraud, drug trafficking, trafficking of persons, etc. This article discusses some of the opportunities as a result of the AMLA: namely the Kleptocracy Recovery Rewards Act (KARRA); and the whistleblower provisions of the AMLA.