Data / Federal rules / 2024-14414

Anti-Money Laundering and Countering the Financing of Terrorism Programs

The Financial Crimes Enforcement Network published this proposed rule in the Federal Register on July 3, 2024. Comments closed on September 3, 2024.

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What the agency says

FinCEN is proposing a rule to strengthen and modernize financial institutions' anti-money laundering and countering the financing of terrorism (AML/CFT) programs pursuant to a part of the Anti-Money Laundering Act of 2020 (AML Act). The proposed rule would require financial institutions to establish, implement, and maintain effective, risk-based, and reasonably designed AML/CFT programs with certain minimum components, including a mandatory risk assessment process. The proposed rule also would require financial institutions to review government-wide AML/CFT priorities and incorporate them, as appropriate, into risk-based programs, and would provide for certain technical changes to program requirements. This proposal also further articulates certain broader considerations for an effective and risk- based AML/CFT framework as envisioned by the AML Act. In addition to these changes, FinCEN is proposing regulatory amendments to promote clarity and consistency across FinCEN's program rules for different types of financial institutions.

Key facts

Document number: 2024-14414
Type: Proposed rule
Action: Notice of proposed rulemaking
Agency: Treasury Department; Financial Crimes Enforcement Network
Published: July 3, 2024
Comments due: September 3, 2024
Dates: Written comments may be submitted on or before September 3, 2024.
Regulation ID (RIN): 1506-AB52
Code of Federal Regulations: 31 CFR 1010; 31 CFR 1020; 31 CFR 1021; 31 CFR 1022; 31 CFR 1023; 31 CFR 1024; 31 CFR 1025; 31 CFR 1026; 31 CFR 1027; 31 CFR 1028; 31 CFR 1029; 31 CFR 1030
Topics: Administrative practice and procedure; Aliens; Authority delegations (Government agencies); Brokers; Business and industry; Citizenship and naturalization; Commodity futures; Currency; Electronic filing; Foreign banking; Foreign currencies; Gambling; Holding companies; Indians; Indians-law; Indians-tribal government; Insurance companies; Investigations; Investment companies; Law enforcement; Penalties; Reporting and recordkeeping requirements; Securities; Small businesses; Terrorism; Time
Significant: Yes, under Executive Order 12866
Pages: 66

The document on federalregister.gov PDF

Other documents from the Financial Crimes Enforcement Network

Document	Type	Published
Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets; Withdrawal 2026-20430 · significant	Proposed rule	Oct 6
Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern; Withdrawal 2026-20429 · significant	Proposed rule	Oct 6
Proposal of Special Measure Prohibiting the Transmittal of Funds Regarding Transactions Involving the A7 Network's Sub-Agents 2026-20371	Proposed rule	Oct 5
Geographic Targeting Order Imposing Recordkeeping and Reporting Requirements on Certain Money Services Businesses Along the Southwest Border 2026-18194	Final rule	Sep 4
Proposal of Special Measure Regarding Banque Misr UAE as a Financial Institution Operating Outside of the United States of Primary Money Laundering Concern 2026-17871	Proposed rule	Sep 1
Beneficial Ownership Information Reporting Requirement Revision 2026-16576 · significant	Final rule	Aug 14
Geographic Targeting Order Imposing Recordkeeping and Reporting Requirements on Certain Financial Institutions in Minnesota 2026-16365	Final rule	Aug 11
Proposed Amendment to the Definition of Huione Group, a Financial Institution Operating Outside the United States of Primary Money Laundering Concern; Extension of Comment Period 2026-15030	Proposed rule	Jul 24

Everything from the Financial Crimes Enforcement Network · Rules on administrative practice and procedure · Rules on aliens · Rules on authority delegations (government agencies) · Published in July 2024

Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.