Regulatory Intelligence attended the event on Monday, hosted by the Financial & International Business Association, online.

Trump administration drive to de-regulate creates ‘integrity moment’ for financial
institutions

The Trump administration’s pause in implementation of the primary U.S. anti-corruption law and the relaxation of other rules has created an “integrity moment” for financial institutions, a career federal law enforcement agent said on Monday during an expert panel at an anti-money laundering conference in Miami.

The “gutting” of the Corporate Transparency Act (CTA) and federal bank regulators’ directive to stop examining for reputational risk represent “unprecedented” anti-money laundering (AML) change, said another panelist, Alcides Avila, founding partner of Avila Law in Coral Gables, Florida.

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