Fed Joins Banking Regulators to Overhaul Financial Crime-Fighting Rules
What's happening
The Federal Reserve Board plans to amend its AML program requirements for banks to force a risk-focused approach, requiring more attention and resources for higher-risk customers and activities and to incorporate risk-based measures into ongoing AML controls. This proposal aligns with similar moves by other banking agencies earlier this year and seeks public comment. Separately, FinCEN's landmark AML rule took effect on January 1, 2026, bringing registered investment advisers into a new era of day-one AML scrutiny that touches client communications and marketing, while regulators globally are demanding continuous, documented views of customer risk across the client lifecycle.
Why it's trending
Regulators are synchronizing rule changes (Fed, other banking agencies, FinCEN) to shift AML from one-time checks to continuous, risk-focused programs across finance sectors.
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If you work at a bank or RIA, you need to move from 'check-the-box' AML to live, risk-first controls starting now, here's what that actually means for daily work and tech stacks.
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Original sources5
- Why AML compliance is buckling under regulatory speed
A sanctions alert arrives before 8am. By mid-morning, the business is demanding an impact assessment spanning the US, UK, EU and a Gulf branch. By lunchtime, legal wants confirmation that internal policy wording remains defensible. This is the daily reality of AML and financial crime compliance, compressed timelines, fragmented rulebooks and almost no margin for […] The post Why AML complian
FinTech Global RegTechJul 9 - Regulators raise the bar: is your AML stack ready?
Regulated businesses are under mounting pressure to prove that AML compliance is continuous, evidenced and proportionate to risk. Regulators worldwide, including the FCA and FATF, now expect firms to maintain a live, documented view of customer risk across the entire client lifecycle rather than solely at onboarding. According to KYC360, the scale of recent enforcement […] The post Regulator
FinTech GlobalJul 9 - Fed seeks comments on changes to AML program rules, aligns with other agencies
Among other changes, the proposal would require banks to focus their anti-money laundering resources based on risk, with more attention given to higher-risk customers and activities, the Fed said. The move aligns with a similar proposal made by other banking agencies earlier this year. The post Fed seeks comments on changes to AML program rules, aligns with other agencies appeared first on ABA Ban
ABA Banking JournalJul 8
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