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US regulators recraft AML rules to promote risk-based assessments

Image of some US cash bills and a Rouble coin.
Photo: Anna Barclay/Getty Images

FinCEN also seeks to oversee more of the AML/CFT supervision process by requiring US banking regulators to consult with it before undertaking certain supervisory or enforcement actions.

FinCEN has had a busy 2026, and this week was no exception.

The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) and three federal banking regulators proposed rules announcing that they will modernize their anti-money-laundering and countering the financing of terrorism (AML/CFT) rules to allow financial institutions to focus on higher