Anti-Financial Crime & Financial Crime Compliance
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Financial Crime, North America

NEWS: US President Biden signs legislation giving prosecutors more time to go after COVID-19 support fraudsters

By Elizabeth Hearst for AMLi

US President Joe Biden has enacted bipartisan legislation which will give prosecutors more time to investigate fraudsters who exploited the country’s COVID-19 business support schemes. 

President Biden on Friday signed the legislation which will extend the statute of limitations from five to ten years for criminal and civil enforcements for Paycheck Protection Programme and Economic Injury Disaster Loan fraud investigations. 

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