A pair of cases before the U.S. Supreme Court could limit the impact of anti-money laundering rules by giving plaintiffs a clearer channel to more easily challenge the structure and authority of federal regulators, sources told ACAMS moneylaundering.com. On Nov. 7, the court heard oral arguments in Axon Enterprise v. Federal Trade Commission and U.S. Securities and Exchange Commission v. Cochran, both of which concern the issue of whether and when a private party subject to an enforcement action can mount a lawsuit challenging the constitutional authority of the regulator that pursued it. Historically, a party objecting to enforcement must...
The ACAMS moneylaundering.com legal team reviews the U.S. Supreme Court's ruling in West Virginia v. Environmental Protection Agency, which carries potentially significant consequences for federal regulation.
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