United States Congress
FEND Off Fentanyl Act
April 25, 2023
Summary
The FEND Off Fentanyl Act imposes sanctions on foreign persons and transnational criminal organizations involved in fentanyl trafficking, and strengthens anti-money laundering measures related to fentanyl transactions. Financial institutions must enhance due diligence and reporting to avoid facilitating illicit fentanyl trade. The law does not directly target mortgage lending but affects all financial institutions subject to BSA/AML obligations.
Source: https://www.congress.gov/bill/118th-congress/s-bill/1271
Common questions
- What does "FEND Off Fentanyl Act" cover?
- The FEND Off Fentanyl Act imposes sanctions on foreign persons and transnational criminal organizations involved in fentanyl trafficking, and strengthens…
- Which agency issued this update?
- This update was issued by United States Congress.
- When was it published?
- It was published on April 25, 2023.
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