Regulatory Alerts2026-04-07 | FIL-12-2026Anti-Money Laundering and Countering the Financing of Terrorism Program Requirements
The Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and National Credit Union Administration propose a unified rule requiring supervised banks to establish and maintain effective anti-money laundering and countering the financing of terrorism programs. These updated programs must be reasonably designed to identify, assess, and mitigate illicit finance risks while aligning with concurrent Financial Crimes Enforcement Network amendments implementing the Anti-Money Laundering Act of 2020. The rulemaking modernizes federal supervision by enhancing the Financial Crimes Enforcement Network’s oversight role and ensuring institutions generate highly actionable intelligence for law enforcement and national security agencies.