For the first time in decades, Congress in 2021 enacted major reform to anti-money laundering laws. A central piece of this legislation was the Corporate Transparency Act, which promised to increase companies’ obligations to...more
On January 1, 2021, the Senate voted to override the president’s veto and to enact the National Defense Authorization Act for Fiscal Year 2021 (the “NDAA”). Incorporated into the NDAA, the Anti-Money Laundering Act (“AMLA”)...more
The nonprofit industry in the United States accounts for one trillion dollars of annual economic activity. But high-profile enforcement actions against nonprofit organizations (“NPOs”) at both the federal and state level in...more