Anti-Money Laundering and Countering the Financing of Terrorism Programs

What it does

Pursuant to the Department of the Treasury (Treasury) and FinCEN's efforts to modernize the Bank Secrecy Act (BSA) and to implement provisions of the Anti-Money Laundering Act of 2020 (AML Act), FinCEN is proposing a rule to fundamentally reform the requirements for financial institutions' anti-money laundering and countering the financing of terrorism (AML/CFT) programs. Among other changes, this proposed rule aims to ensure that financial institutions establish and maintain effective AML/CFT programs that better achieve the purposes of the BSA and lead to more effective outcomes for financial institutions as well as law enforcement and national security agencies. Through this rulemaking, consistent with its statutory authority as the administrator of the BSA, FinCEN is also proposing measures to modernize and reform Federal supervision of AML/CFT programs by enhancing FinCEN's role in AML/CFT supervision and enforcement in coordination with Federal banking regulators. In addition, FinCEN is proposing regulatory amendments to promote clarity and consistency across FinCEN's program rules for different types of financial institutions.

The Financial Crimes Enforcement Network's summary, as published in the Federal Register.

What it would change

12 parts of Title 31 of the Code of Federal Regulations:

31 CFR 1010, 31 CFR 1020, 31 CFR 1021, 31 CFR 1022, 31 CFR 1023, 31 CFR 1024, 31 CFR 1025, 31 CFR 1026, 31 CFR 1027, 31 CFR 1028, 31 CFR 1029, 31 CFR 1030

Before this

No earlier Federal Register document under regulation identifier 1506-AB72 since Jan. 1, 2025.

What happens next and when

Comments must be received by June 9, 2026.

The agency's dates, word for word.

Check it yourself

• The document in the Federal Register
• Docket FINCEN-2026-0034 on Regulations.gov
• Title 31 on eCFR

The record as published

Source: the Federal Register (public domain). The document in the Federal Register