U.S. Senators Urge Treasury to Combat Money Laundering, Fraud, and Sanctions Evasion
April 17, 2024
April 17, 2024
WASHINGTON, April 17 -- Sen. Jack Reed, D-Rhode Island, issued the following news release:
In an effort to crack down on money laundering, illicit finance, and fraud in the U.S. financial system, U.S. Senator Jack Reed (D-RI) led a group of seven U.S. Senators in supporting the U.S. Treasury Department's Financial Crimes Enforcement Network's (FinCEN) proposed rule to require investment advisers to abide by anti-money laundering (AML) rules similar to what banks do.
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In an effort to crack down on money laundering, illicit finance, and fraud in the U.S. financial system, U.S. Senator Jack Reed (D-RI) led a group of seven U.S. Senators in supporting the U.S. Treasury Department's Financial Crimes Enforcement Network's (FinCEN) proposed rule to require investment advisers to abide by anti-money laundering (AML) rules similar to what banks do.
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