Thursday, January 7, 2021
On Jan. 1, 2021, the U.S. Senate joined the House in voting to override President Trump’s veto of the National Defense Authorization Act of 2021 (NDAA), which includes several new anti-money laundering (AML) provisions that may be of keen interest to dealers and other participants in the art and antiquities markets. The legislation comes on the heels of a lengthy report issued by the Senate’s Permanent Subcommittee on Investigation in mid-2020, entitled
In this post, blog host Kevin Ray, past co-chair of the American Bar Association Section of International Law Art & Cultural Heritage Law Committee, discusses the implications of these developments with fellow Greenberg Traurig shareholder Kyle R. Freeny, a former Department of Justice (DOJ) money laundering prosecutor who focuses her practice on helping businesses faced with government enforcement inquiries and complex AML issues.
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