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Comment Period: Anti-Money Laundering and Countering the Financing of Terrorism Programs

AGENCY:

The Board of Governors of the Federal Reserve System.

ACTION:

Notice of proposed rulemaking.

SUMMARY:

A central objective of the Board’s and the Agencies’ BSA modernization efforts is to create an AML/CFT supervisory and regulatory regime that is more effective in achieving the purposes of the BSA and culminating in the development of highly useful information related to illicit financial transactions for law enforcement and national security agencies.[32] The proposed rule would further that objective by explicitly defining the requirements for a bank to establish and maintain an effective AML/CFT program. It would also adopt into regulations the AML Act’s expectation that AML/CFT programs should be risk-based, including ensuring that banks direct more attention and resources toward higher-risk customers and activities, consistent with the risk profile of the bank, rather than toward lower-risk customers and activities.

DATES:

Comments must be submitted on or before September 8, 2026.

https://www.federalregister.gov/documents/2026/07/09/2026-13919/anti-money-laundering-and-countering-the-financing-of-terrorism-programs

  • September 8, 2026
  • Time: All Day
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