Issuance of a new Anti-Money Laundering (AML)/Countering the Financing of Terrorism (CFT) Program Requirements Notice of Proposed Rulemaking | FDIC.gov

https://www.fdic.gov/news/financial-institution-letters/2026/issuance-new-anti-money-laundering-amlcountering-financing
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2026-04-09 03:04:35 · reprocess@vixio.com
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On April 7, 2026, the FDIC Board of Directors approved the issuance of a new Notice of Proposed Rulemaking (NPR) and request for comment for the AML/CFT Program

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TITLE: United States Federal Banking Regulators Issue Proposed Rule on Anti-Money Laundering and Countering the Financing of Terrorism Program Requirements BODY: On April 7, 2026, the Federal Deposit Insurance Corporation (FDIC) Board of Directors approved the issuance of a Notice of Proposed Rulemaking (NPR) for revised anti-money laundering and countering the financing of terrorism (AML/CFT) program requirements. The FDIC is issuing this NPR jointly with the Office of the Comptroller of the Currency (OCC) and the National Credit Union Administration (NCUA). The Financial Crimes Enforcement Network (FinCEN) has concurrently issued its own NPR on AML/CFT program requirements for financial institutions, including banks. The proposed rule aims to revise existing AML/CFT program requirements for banks to align with FinCEN's concurrent proposal and comply with the Anti-Money Laundering Act of 2020. The Agencies intend to ensure that banks establish and maintain effective AML/CFT programs that better achieve the purposes of the Bank Secrecy Act and support law enforcement and national security objectives. Key proposed requirements include: banks must establish risk-based policies, procedures, and controls; conduct independent testing; designate a U.S.-based AML/CFT compliance officer accessible to regulators; and implement employee training programmes. The proposal incorporates FinCEN's ongoing customer due diligence requirement and requires banks to direct resources toward higher-risk customers and activities based on institutional risk profiles. The proposed rule expands approval options to include equivalent governing bodies or senior management, in addition to board approval. The NPR will be published in the Federal Register in the coming days and will be open for public comment for 60 days. All FDIC-supervised financial institutions are subject to this proposal.
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