AML/CTF in the United States (US) “O’er the land of the free and the home of the brave.” In the United States, Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF) measures are paramount for maintaining the integrity and security of the financial system. The US has developed a comprehensive regulatory framework to combat money laundering and terrorist financing, underpinned by a series of legislative acts and regulatory bodies dedicated to enforcing these crucial laws. Foundational Legislation and Key Amendments The cornerstone of US AML and CTF efforts is the Bank Secrecy Act (BSA) of 1970, also known as the Currency and Foreign Transactions Reporting Act. … Continue reading United States (US)Read More →