Dan Stipano quoted in MoneyLaundering.com on AML enforcement actions
Davis Polk partner Dan Stipano was quoted in MoneyLaundering.com on the decrease in U.S. regulatory enforcement and federal anti-money laundering actions last year. “The downward trajectory does not reflect the full scope of U.S. AML enforcement last year nor predict future outcomes,” Dan explained. “The Biden team, which is now fully in place, are going to be particularly aggressive regulators. I already see evidence of that in my practice,” he added.
Dan also noted that cryptocurrency is on regulators’ radar. “Right now, you’re seeing an effort by Congress and regulators to try to get their arms around it and ensure there is appropriate oversight.”
“US AML Cases Hit Record Low in 2021, Sanctions Enforcement Remained Steady,” MoneyLaundering.com (August 17, 2022) (subscription required)