AML RightSource, in its article “AMLA Explained: A Plain-Language Introduction,” highlights the AML Act as a key U.S. reform enhancing transparency, BO disclosure, and coordination against FC

Key features include a data-driven supervisory model, ongoing consultation on Regulatory Technical Standards (RTS), and a phased rollout of rules from 2027, with direct supervision expected from 2028. While the aim is harmonisation, tensions remain between a single rulebook and differing national risk profiles. Industry concerns include increased compliance burdens, inconsistencies with existing KYC practices, and potential challenges around digital onboarding and beneficial ownership data. Fraud regulation is notably not a central focus…