Reed Backs Treasury Proposal to Combat Money Laundering, Fraud, and Sanctions Evasion
February 13, 2024
February 13, 2024
WASHINGTON, Feb. 13 -- Sen. Jack Reed, D-Rhode Island, issued the following news release:
Today, after the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) issued new proposed regulations to require investment advisers to abide by anti-money laundering (AML) rules similar to what banks do, U.S. Senator Jack Reed (D-RI), who has been asking for these changes for years, strongly backed the move.
Reed said Treasury's proposal would crack down on mon . . .
Today, after the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) issued new proposed regulations to require investment advisers to abide by anti-money laundering (AML) rules similar to what banks do, U.S. Senator Jack Reed (D-RI), who has been asking for these changes for years, strongly backed the move.
Reed said Treasury's proposal would crack down on mon . . .