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FinCEN: Seeks comments on modernisation of US financial crime control

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FinCEN: Seeks comments on modernisation of US financial crime control

  • FinCEN is issuing a request for information (RFI) seeking comments on ways to streamline, modernize
  • Update the anti-money laundering and countering the financing of terrorism (AML/CFT) regime of the United States
  • Company is particularly interested in comments on ways to modernize risk-based AML/CFT regulations and guidance
  • Today’s RFI also supports efforts to conduct a formal review of BSA regulations and related guidance
  • It will report to Congress the findings of the review, including administrative and legislative recommendations
  • The formal review also will allow to identify regulations and guidance that are outdated, redundant

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