Shoring Up Your AML Program for an Uncertain Oversight Environment

Banks reading signals from the Trump administration predict a generally softer enforcement environment for regulations in their industry over the next four years. That’s unlikely the case, though, when it comes to the Bank Secrecy Act (BSA), which targets money laundering and terrorist financing in the U.S. banking system. A stated priority of the OCC and other regulators in 2025, fighting the flow of illegal funds will remain front and center on the year’s supervisory slate, according t…