Fed Proposes Update to Bank Anti-Money Laundering Rules

• The Federal Reserve Board requested comment on a proposal to amend its requirements for banks to maintain anti-money laundering programs.
• The proposal would require banks to incorporate the Financial Crimes Enforcement Network's anti-money laundering priorities into their risk assessment processes.
• 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.
• Comments on the proposal are due 60 days after publication in the Federal Register.

Proposal Details

The Federal Reserve Board requested comment on a proposal to amend its requirements for banks to maintain anti-money laundering programs.

Fed Proposes Update to Bank Anti-Money Laundering Rules

Under the proposal, banks would be required to incorporate the Financial Crimes Enforcement Network's anti-money laundering priorities into their risk assessment processes.

The proposal would also require banks to focus their anti-money laundering resources based on risk, with more attention given to higher-risk customers and activities.

Supervision and Enforcement

The Federal Reserve said it would focus supervision and enforcement activities on significant failures to implement the program once a bank has established an anti-money laundering program.

Alignment With Other Agencies

The proposed amendments are intended to align with changes to anti-money laundering program requirements separately proposed by four other agencies.

Comment Period

The press release announcing the proposal is dated July 07, 2026.

The release was set for release at 3:00 p.m. EDT.

Comments on the proposal are due 60 days after publication in the Federal Register.

Media Contact

Media inquiries regarding the proposal can be directed to 202-452-2955.