Blogs8.9.22
Art Dealers, Other Non-Bank Entities Subject of New Bank Secrecy Act Amendment
Authors
On July 14 the U.S. House passed the FY 2023 National Defense Authorization Act (NDAA) that would regulate professional services firms, art dealers, trust companies, and other market intermediaries as “financial institutions” under the Bank Secrecy Act (BSA) and requires them to report client information to the U.S. government.
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