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US Supreme Court Could Upend Federal AML Framework

By Benjamin Hardy

A case before the U.S. Supreme Court challenging a 40-year-old legal precedent that governs federal regulatory power could have far-reaching consequences for anti-money laundering and counterterrorist financing rules and enforcement, sources told ACAMS moneylaundering.com. Loper Bright Enterprises v. Raimondo, which the Supreme Court agreed to review as soon as October, superficially consists of a group of commercial fishermen's challenge to the National Marine Fisheries Service's requirement that fishing vessels pay a third party to monitor their compliance with federal regulations crafted to prevent overfishing. But the plaintiffs also want the Court to throw out a landmark 1984 ruling, Chevron v....

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