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ARTICLE · 28 APRIL 2017

AML And Sanctions: 2017 Trends And Developments

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Over the past year, regulators continued to actively examine compliance, introduce new and heightened requirements, recalibrate global priorities, and aggressively pursue enforcement.

United StatesFinance and Banking
Sharon Cohen Levin
Sharon Cohen Levin
Boyd Johnson III
Boyd Johnson III
Franca Harris Gutierrez
Franca Harris Gutierrez
Reginald Brown
Reginald Brown
Ronald Meltzer
Ronald Meltzer
Michael Leotta
Michael Leotta
Jeremy Dresner
Jeremy Dresner
David Horn
David Horn
Author LinkedIn connections

I. Executive Summary

Over the past year, regulators continued to actively examine compliance, introduce new and heightened requirements, recalibrate global priorities, and aggressively pursue enforcement. This report reviews recent trends and developments impacting financial institutions with respect to the U.S. Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and economic sanctions regulatory landscape.

It remains to be seen how the arrival of the Trump Administration will impact the government's approach and priorities in these areas. All current indications, however, are that BSA/AML and sanctions regulation are likely to remain a priority. Secretary of the U.S. Department of the Treasury (Treasury) Steven Mnuchin, for example, recently identified combating financial crime and terrorism financing as "core missions" of the Treasury in a statement supporting President Trump's discretionary budget proposal.1 That proposal spares the Treasury's financial crime

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