JD Supra

Federal Reserve Follows (To a Degree) FinCEN and Other Banking Agencies in Proposing Sweeping AML/CFT Program Reforms

On July 7, 2026, the Board of Governors of the Federal Reserve System (the Board or Federal Reserve) issued its own Notice of Proposed ...
JD Supra

Combating Illicit Use of Payment Stablecoins: Proposed AML/CFT and Sanctions Rules Under the GENIUS Act

Several federal regulators, both on their own and in tandem, are moving to apply bank-like rules for anti-money laundering / countering the ...
American Banker

Fed proposal calls for higher threshold for BSA/AML citation

The proposal calls for banks to make their compliance programs "risk-based" and pledges to emphasize "systemic" flaws with ...
Hosted on MSN

FinCEN’s Proposed Rulemaking and Its Implications for Financial Institutions

The Bank Secrecy Act (BSA) program requirements are going to change. On June 28, 2024, the Financial Crimes Enforcement Network (FinCEN) issued a Notice of Proposed Rule Making (NPRM) to strengthen ...
Law

A Practitioner's Guide to FinCEN's New AML/CFT Rules

Laurel Loomis Rimon examines the new rules recently issued by the Financial Crimes Enforcement Network aimed at countering money laundering and the financing of terrorism, which were made public on ...
Finextra

Lack of confidence in your AML CFT program? Why?

A substantial number of compliance officers (about 44 per cent) lack confidence in the anti-money laundering (AML) programs of their organizations, according to a new report (#mce_temp_url#) That’s an ...
International Monetary Fund

Malta: Financial Sector Assessment Program-Technical Note-Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT)

This technical note on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) for the Malta summarizes the findings of a targeted review of several aspects of Malta’s progress in ...