US · US FinCEN
Anti-Money Laundering Act of 2020 (AMLA 2020)
Primary LegislationIn Force
- Issuing authority
- FinCEN / Treasury
- Effective date
- Enacted 1 January 2021; rulemakings ongoing through 2026
- Scope
- FinCEN / Treasury
Key requirements
The biggest US AML reform in 20 years. Modernised the BSA: established the Corporate Transparency Act (beneficial ownership reporting); created national AML priorities for FinCEN to publish; introduced a whistleblower programme with rewards up to 30% of recovered funds; expanded subpoena powers for foreign bank records; created SAR safe harbour protections; strengthened FinCEN's authority over crypto.