The Corporate Transparency Act, which requires businesses to disclose ownership information, was blocked by a federal judge as beyond Congress’s authority.

"Therefore, an attempt to acquire proceeds of crime or anticipating undue benefits cannot be said to be covered by the definition of money laundering because till the stage of attempt or the stage ...

However, the exact definition of institutions or individuals ... has expressed concerns regarding money laundering and terrorist financing in the trade of art and antiquities.

The NPCSC passed the final draft of the updated law on Nov 8. The law expands the definition of money laundering and specifies its coverage of nonfinancial institutions in sectors such as real estate, ...