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- The formal review also will allow to identify regulations and guidance that are outdated, redundant
