Anti-Money Laundering Act of 2020
GPTKB entity
Statements (30)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:legislation
|
| gptkbp:addresses |
cryptocurrency regulations
|
| gptkbp:aims_to |
money laundering
|
| gptkbp:amended_by |
gptkb:Bank_Secrecy_Act
|
| gptkbp:effective_date |
January 1, 2021
|
| gptkbp:enacted_by |
gptkb:legislation
|
| gptkbp:encourages |
public-private partnerships
|
| gptkbp:enhances |
customer identification programs
law enforcement access to financial records |
| gptkbp:established |
a national registry for beneficial ownership
beneficial ownership reporting |
| gptkbp:facilitates |
data collection on money laundering trends
|
| https://www.w3.org/2000/01/rdf-schema#label |
Anti-Money Laundering Act of 2020
|
| gptkbp:improves |
information sharing among agencies
|
| gptkbp:includes_provisions_for |
increased reporting requirements
|
| gptkbp:increased |
funding for anti-money laundering initiatives
|
| gptkbp:influence |
penalties for non-compliance
|
| gptkbp:mandates |
training for financial institution employees
|
| gptkbp:promotes |
transparency in financial transactions
|
| gptkbp:provides |
guidance for virtual asset service providers
|
| gptkbp:requires |
reporting of suspicious activities
risk assessments for financial institutions financial institutions to enhance due diligence annual reports on anti-money laundering effectiveness |
| gptkbp:signed_by |
gptkb:Donald_Trump
|
| gptkbp:supports |
the Financial Crimes Enforcement Network (Fin CEN)
international cooperation in anti-money laundering efforts |
| gptkbp:bfsParent |
gptkb:Money_Laundering_Control_Act
gptkb:Money_Laundering_Control_Act_of_1986 |
| gptkbp:bfsLayer |
7
|