Bass, Berry & Sims attorney Thad McBride commented on new legislation proposed in the U.S. Senate to target terrorism financing and money laundering. Thad notes the proposed bill could create a greater compliance burden for banks and other financial entities and service providers. But Thad also notes that it is “nice to see a bipartisan effort to come up with something which most people would agree is a good measure.”
The full article, “U.S. Bill Proposes Major AML Updates,” was published on June 5, 2017, by PaymentsCompliance, a global leader in supporting the payments industry. The article is available online.