Anti-Money Laundering and Countering the Financing of Terrorism Programs
12 CFR Part 326 RIN 3064–AF34
Notice of proposed rulemaking
Summary: The Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and National Credit Union Administration are inviting comment on a proposed rule to require banks to establish and maintain anti-money laundering and countering the financing of terrorism (AML/CFT) programs reasonably designed to identify, assess, and mitigate illicit finance risks. The amendments align with changes proposed by the Financial Crimes Enforcement Network. This proposed rule would modernize and reform federal supervision of AML/CFT programs and ensure that institutions establish and maintain effective AML/CFT programs intended to better achieve the purposes of the Bank Secrecy Act.
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| Submitted By |
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| 01. USIPS, Joshua Moon |