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Anti-Money Laundering Act of 2020

Breaking Down Division F – AML of the National Defense Authorization Act for Fiscal Year 2021


The Anti-Money Laundering Act of 2020 (AMLA) officially became law as part of the National Defense Authorization Act (NDAA) that was passed by the U.S. Congress with a veto-proof majority on January 1, 2021. AMLA is the most significant update to anti-money laundering and counter-terrorist financing legislations since the enactment of the USA Patriot Act in 2001.



AMLA was created for the following purposes: