WASHINGTON—The U.S. Senate on Dec. 11 approved a measure overhauling anti-money laundering rules and banning anonymous shell companies, a victory for law enforcement and rights groups that have long sought changes to make it easier to police illicit money flows.
The bill, included as part of a broader defense funding package, was passed by the House of Representatives earlier in the week. The bill now heads to President Donald Trump. While Trump had suggested he could veto the bill over separate policy disputes, the Senate’s 84-13 vote provides more than the two-thirds majority needed to override a veto.
