Supreme Court Urged by Justice Department to Reinstate Anti-Money Laundering Law - PRESS AI WORLD
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Supreme Court Urged by Justice Department to Reinstate Anti-Money Laundering Law

share-iconWednesday, January 01 comment-icon1 month ago 6 views
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thehillTHEHILL
Supreme Court Urged by Justice Department to Reinstate Anti-Money Laundering Law

Credited from: THEHILL

  • The **Justice Department** has requested an emergency order from the **Supreme Court** to restore a federal **anti-money laundering law**, the **Corporate Transparency Act (CTA)**.
  • Initially passed in **2021**, the CTA mandates millions of business entities to disclose detailed information about their owners.
  • The **CTA** is currently on hold due to a ruling from a Texas federal judge, who claimed the law likely exceeded Congress's authority.
  • The Justice Department asserts the law is constitutional, emphasizing Congress's power under the **Commerce Clause**.
  • If accepted, this case could significantly influence future lawsuits challenging federal laws and the scope of injunctions.

For more information, visit the original article here: The Hill.

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