Four federal financial institution regulatory agencies today requested comment on a proposal to update their requirements for supervised institutions to establish, implement, and maintain effective, risk-based, and reasonably designed anti-money laundering and countering the financing of terrorist programs. The amendments are intended to align with changes concurrently proposed by the U.S. Department of the Treasury's Financial Crimes Enforcement Network, most of which result from the Anti-Money Laundering Act of 2020.
Comments are due by Oct. 8. For more information or to submit a comment, go to Regulations.gov.
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Comments on Proposed Anti-Money Laundering and Countering the Financing of Terrorism Program Requirements Due
Four federal financial institution regulatory agencies today requested comment on a proposal to update their requirements for supervised institutions to establish, implement, and maintain effective, risk-based, and reasonably designed anti-money laundering and countering the financing of terrorist programs. The amendments are intended to align with changes concurrently proposed by the U.S. Department of the Treasury's Financial Crimes Enforcement Network, most of which result from the Anti-Money Laundering Act of 2020.
Comments are due by Oct. 8. For more information or to submit a comment, go to Regulations.gov.