Congress must get anti-money-laundering amendment into defense bill

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The National Defense Authorization Act is expected to pass Congress within the next few days. But Congress shouldn’t pass the bill without the bipartisan amendment establishing a federal beneficial ownership register.

The two top senators on the Banking Committee, Mike Crapo and Sherrod Brown, following up on work by Sens. Tom Cotton and Mark Warner, want law enforcement to know who or what entity owns particular businesses.

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