September 21, 2020

Leaked Treasury Documents Prompt Fresh Calls for Updated Anti-Money-Laundering Regulations

Featuring Elizabeth Rosenberg

Source: The Wall Street Journal

Journalists Ian Talley, Dylan Tokar

A leak of U.S. Treasury Department records on red-flagged financial transactions underscores a message that national security officials, banks and regulators have been sending for more than a decade: Anti-money-laundering rules need to be updated to better disrupt illicit cash flows.

Government and industry officials, concerned that existing laws fail to address the evolution of the financial system, have been gaining political traction for an overhaul of regulations meant to fight terror finance and money-laundering used by drug traffickers, arms proliferators and a host of other bad actors.

Read the full story and more from The Wall Street Journal.

Authors

  • Elizabeth Rosenberg

    Senior Fellow and Director, Energy, Economics and Security Program

    Elizabeth Rosenberg is a Senior Fellow and Director of the Energy, Economics, and Security Program at the Center for a New American Security. In this capacity, she publishes a...