Treasury Department warns that state ESG laws, like Florida's, may hinder anti-money laundering and terrorism financing efforts.
The Treasury Department warns that state laws restricting banks from considering environmental, social, and governance (ESG) factors could hinder efforts to address money laundering and terrorism financing. The department's letter, sent to lawmakers, specifically cites a Florida law signed by Governor Ron DeSantis in May as an example. The letter argues that such laws create uncertainty and may inhibit national security efforts.
July 19, 2024
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