Media

Media Contact:   Paul Miller 703-383-1330

  • MWC

Miller Wenhold Vice President Mitchell Moonier Quoted on Anti-Money Laundering Reform

September 24, 2020, JCK


This week, the International Consortium of Investigative Journalists (ICIJ) announced it had received a massive leak of thousands of suspicious activity reports (SARs) submitted to the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN).


...........


Mitch Moonier, vice president of Miller/Wenhold Capitol Strategies, a Washington, D.C., consultancy that specializes in financial issues, notes that the two ranking members of the Senate Banking Committee have introduced the Anti-Money Laundering Act of 2020, bipartisan legislation that would require dealers in “precious metals, stones, and jewels” to conduct due diligence on foreign sellers, not associate with a foreign account that lacks a physical presence in any country (i.e., a shell company), and abide by other money-laundering rules.


While the act did not pass Congress, the bipartisan push behind it is “significant” and shows the direction new AML rules could take, Moonier says.


View entire article here.

VOTED 2008 WASHINGTON'S NICEST LOBBYIST

For  more information, contact us today at mail@mwcapitol.com

  • Facebook Social Icon
  • Twitter Social Icon
OUR SERVICES
CONTACT US

10340 Democracy Lane
Suite 300
Fairfax, VA 22030 

 

(P): 703.383.1330 - (F): 703.383.1332

Copyright 2019 Miller/Wenhold Capitol Strategies, LLC