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ABA: The American Bankers Association

ABA Applauds Passage of Critical BSA/AML Reforms in NDAA

“We applaud members of Congress for the strong, bipartisan vote in support of the National Defense Authorization Act, which will provide support to our men and women in uniform. We particularly appreciate that the NDAA includes critically important provisions that will further strengthen our national security by developing a beneficial ownership registry to help stop the abuse of anonymous shell companies and make it harder for criminals, terrorists and other bad actors to access our financial system. The bill also includes measures that will enhance cooperation between banks and law enforcement, creating a more transparent and efficient anti-money laundering regime. We urge that this legislation become law as quickly as possible.”


About the American Bankers Association

The American Bankers Association is the voice of the nation’s $23.6 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $19.4 trillion in deposits and extend $12 trillion in loans.

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Blair Bernstein

(202) 663-5468

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