A White House-imposed halt on federal regulations may slow the finalization of certain anti-money laundering and sanctions rules indefinitely but probably won't entail significant revisions or long-term delays to others, say sources. A few hours after President Donald Trump took office, White House Chief of Staff Reince Priebus issued a broadly worded memo Friday instructing federal departments and agencies to refrain from introducing or further developing "any" rules or interpretive regulatory guidance until the new administration can complete a review. Attorneys, former officials and other sources contacted by ACAMS moneylaundering.com differed on the extent to which the freeze would impact...
A U.S. proposal that would formally require thousands of investment advisers to comply with anti-money laundering regulations may be stalled indefinitely, according to industry sources.
A congressionally-mandated plan to require U.S. border crossers to declare funds held on prepaid cards remains stalled at the White House more than a year after its submission for final review.
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