FinCEN seeks comments on modernizing AML/CFT regime

The Financial Crimes Enforcement Network requested comments on updating the U.S. anti-money-laundering and countering-the-financing-of-terrorism regime.

Details: FinCEN said it is particularly interested in ways to modernize risk-based AML/CFT regulations and guidance to protect U.S. national security more efficiently. The request also supports FinCEN’s efforts to conduct a formal review of Bank Secrecy Act regulations and guidance.

Deadline: Comments are due by Feb. 14.