FinCEN Anti-Money Laundering Notice Falls Flat With Experts
July 1, 2021
Peter Hardy spoke to Law360 about the Financial Crimes Enforcement Network's new anti-money laundering guidelines, or lack thereof. Mr. Hardy is one of many industry thought-leaders to express disappointment in how vague the guidelines are for financial institutions. Mr. Hardy said the FinCEN "acted with the best of intentions" but that the list "appears to be an AML crimes catchall."
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