Two US senators push for AML 'enablers' Act in bid to up adviser transparency

Mark Battersby
clock • 5 min read

US senators Sheldon Whitehouse (D-RI) and Roger Wicker (R-MS) have introduced bipartisan legislation strengthen federal due diligence and transparency requirements to include certain American professionals such as investment advisers, attorneys and accountants. In a statement on 3 October, the bipartisan senators offered the legislation as an amendment to the defense authorization bill set for consideration in the Senate later this year.   The senators' 'Establishing New Authorities for Businesses Laundering and Enabling Risks to Security (ENABLERS) Act' would strengthen federal due d...

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