AMLA Is an Opportunity for Better Financial Regulation
Apr 6, 2021
Edoardo Saravalle
On January 1, 2021, Congress passed the Anti-Money Laundering Act (“AMLA”), a sweeping reform of the U.S. anti-money laundering legal framework. Now, regulators should strive for an innovative implementation strategy: they should focus on flexibility and adaptability and avoid rigid rules and formalistic tests.