What is the Kingpin Law and How Does It Affect AML Compliance and Sanctions?
The Kingpin Law is one of the most important legislative frameworks that financial institutions and enterprises need to comprehend in the context of Anti-Money Laundering (AML) compliance as it helps in targeting organized criminal syndicates and drug trafficking specifically. These laws, particularly the Foreign Narcotics Kingpin Designation Act (Kingpin Designation Act) aids law enforcement authorities…