HALISTER1: FinCEN Seeks to Expand Anti-Money Laundering Rules to More Banks

FinCEN Seeks to Expand Anti-Money Laundering Rules to More Banks

(Bloomberg) -- Financial Crimes Enforcement Network proposing “to require banks lacking a federal functional regulator to establish and implement anti-money laundering programs,” FinCEN says in statement.
  • Also proposing to extend certain customer identification and beneficial ownership requirements to banks not already subject to them
  • FinCEN says would apply to ~740 banks
  • Link to notice of proposed rulemaking
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Topics
Proposed Rules

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