News

If followed to the letter, Project 2025, the Heritage Foundation's controversial, 920-page "roadmap to a conservative presidency," would significantly curtail the power of U.S. banking agencies, merge their supervisory duties and scrap the Corporate Transparency Act. However, despite those and other sweeping proposals put forward by the conservative thinktank, the current U.S. legal and regulatory framework against money laundering, terrorist financing and other types of illicit finance will remain intact regardless of whether former President Donald Trump or his Democratic rival, Vice President Kamala Harris, occupies the Oval Office next year, analysts told ACAMS moneylaundering.com. "I don't see that big...