Regulatory Alerts2026-04-07
Anti-Money Laundering and Countering the Financing of Terrorism Programs
The Financial Crimes Enforcement Network proposes a rule to fundamentally reform anti-money laundering and countering the financing of terrorism program requirements for financial institutions. This action implements the Anti-Money Laundering Act of 2020 by modernizing the Bank Secrecy Act framework to ensure programs are effective, risk-based, and reasonably designed. The proposal also updates federal supervision and enforcement mechanisms to enhance coordination between FinCEN and banking regulators.
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