White Collar & Corporate Investigations Alert | February.03.2021
On January 1, 2021, Congress enacted the Anti-Money Laundering Act of 2020 (the “AML Act”), which contains the most significant reforms to U.S. AML laws since the USA PATRIOT Act of 2001.
Below are some key provisions of the AML Act, and here is a more detailed description of the statute’s major provisions.
For assistance with interpretation of the AML Act or AML matters, please contact the Orrick attorneys at left.
 The AML Act was part of the William (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 (“NDAA”), which was enacted into law on January 1, 2021, when the U.S. Congress overrode former President Trump’s veto of the legislation.