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.

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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