Washington House Committee Major Crackdown with Enablers Act Bill to fight Financial Crimes
Proposed in the wake of the Pandora Papers, the Enablers Act requires trust companies, lawyers, art dealers and others to vet clients seeking to move money and assets into the American financial system. A bipartisan group of lawmakers cleared a major hurdle this week to advance what they call the most significant reform to America’s anti-money laundering laws in 20 years. The bill, called the Enablers Act, amends the 52-year-old Bank Secrecy Act by requiring for the first time that