U.S. Sen. Sherrod Brown said a provision included in a defense policy bill will help law enforcement more easily root out who is behind shell corporations used to launder money for criminal enterprises.

The provision was included as part of the National Defense Authorization Act passed by Congress, Brown said. It would change anti-money laundering laws to make it harder for criminals to use U.S. financial institutions and require corporations and limited liability companies to report their true beneficiaries to the U.S. Treasury Department.

"No more hiding these abuses in anonymous shell companies. We're cracking down on big banks that look the other way or in some cases actively aiding money laundering. if you're helping drug traders hide their illegal fetanyl profits you deserve more than a slap on the wrist," he said during a conference call with reporters Wednesday.

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