Fed seeks comment on shifting anti-money-laundering rules toward higher-risk customers
The Federal Reserve proposed amending its anti-money-laundering program requirements to align with changes proposed separately by four other agencies, requiring banks to allocate resources by risk and to build FinCEN priorities into their risk assessments.
The Federal Reserve Board on July 7, 2026 requested comment on proposed amendments to its anti-money-laundering program requirements for banks, according to a press release from the Board. The revisions are designed to be consistent with changes to AML program requirements proposed separately by four other agencies.
Under the proposal, banks would be required to allocate AML resources on the basis of risk, concentrating more attention on higher-risk customers and activities. Banks would also have to incorporate the anti-money-laundering priorities set by the Financial Crimes Enforcement Network into their risk-assessment processes, the Board said.
Once a program has been established along those lines, supervision and enforcement would focus on significant failures to carry it out, according to the release.
The Federal Register notice is titled “Anti-Money Laundering and Countering the Financing of Terrorism Programs.” Comments will be accepted for 60 days after publication, the Board said.