Require “effective” AML/CFT programs. FinCEN would formally distinguish between establishing an AML/CFT program and ...

On April 7, FinCEN announced a proposed rule that it described as a “fundamental reform” of AML/CFT program requirements applicable to banks and ...

The AML/CFT program must be in writing and made available upon request. Unlike the current rules, which focus on board approval, the proposal would allow approval by the board, an equivalent governing ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

More than five years ago, Congress passed a comprehensive anti-money-laundering and countering the financing of terrorism, or AML/CFT, reform law. The future looked bright, heralding the prospect of ...

A wave of Q1 2026 earnings from banks and financial firms revealed strong loan growth, targeted EPS guidance, and strategic initiatives, alongside significant regulatory developments in anti-money ...

The American Fintech Council (AFC) and the Coalition for Financial Ecosystem Standards (CFES) have joined to issue a statement on the cost of Anti-money Laundering – Counter Terrorism Financing ...

Key insight: The agency predicts it will collect voluntary survey data on anti-money-laundering compliance costs from hundreds of thousands of nonbank institutions. Supporting Data: The agency expects ...

Two of the largest organizations representing investment advisers and asset managers are voicing support for a federal proposal to postpone new anti-money laundering requirements for RIAs, while ...

U.S. Senators John Fetterman and Chuck Grassley have sent a letter to the Department of Treasury Secretary Scott Bessent and Financial Crimes Enforcement Network (FinCEN) Director Andrea Gacki ...

Discover how FinCEN safeguards the financial system against financial crimes. Learn about is organizational structure, ...