US: EXPERTS URGE ENABLERS ACT PASSAGE DESPITE SENATE SETBACK

On 12 December, OCCRP reported that the Establishing New Authorities for Businesses Laundering and Enabling Risks to Security Act is intended to close existing loopholes used by criminals worldwide to launder their ill-gotten gains in the US.  Although the bill passed the House in July, it ran into a roadblock in the Senate, which ultimately voted not to include it in the 2023 defence budget.

https://www.occrp.org/en/daily/17140-us-experts-urge-enablers-act-passage-despite-senate-setback

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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