HOW SA’S TECH-DRIVEN AML EFFORTS ARE STRENGTHENING COMPLIANCE AMID POLICY SHIFTS
Bradley Elliot The United States Treasury Department has announced the immediate suspension of the Corporate Transparency Act, which took effect on January 1, 2024, under the Joe Biden administration. This key piece of Anti-Money Laundering (AML) legislation required business owners to disclose corporate reports with information about Ultimate Beneficial Ownership (UBO). The Trump administration has positioned this…

