- Compliance & Regulation, Fraud, Risk
A Look at the Fed’s Proposed Risk-Focused Rules for AML and CFT
- Fed AML proposal shifts compliance toward risk-based judgment, accountability, and effectiveness.
Share
Concerned that regulatory risk management of money laundering and terrorism financing has become too much of a check-the-box compliance exercise, the Federal Reserve recently proposed new rules for anti-money laundering (AML) and countering the financing of terrorism (CFT). However, while this proposal could potentially modernize and strengthen AML/CFT regulations, it also raises questions about enforcement and accountability.
Become a member to unlock exclusive content, connect with industry experts, and gain access to valuable resources. If your employer is an institutional member, activate your ProSight membership benefits with a simple email address.
