US Fed issues draft AML plan to align with that of other agencies
( July 7, 2026, 21:14 GMT | Official Statement) -- MLex Summary: The Federal Reserve requested comment on a proposal to change its requirements for banks to maintain anti-money laundering programs. The amendments are intended to align with similar changes separately proposed by four other agencies. Among the changes are one that would require banks to focus their anti-money laundering resources based on risk, with more attention given to higher-risk customers and activities.Statement follows below:...
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