Anti-Money Laundering and Countering the Financing of Terrorism Program Requirements

6 organizations filed 9 public comments on Anti-Money Laundering and Countering the Financing of Terrorism Program Requirements, at the Office of the Comptroller of the Currency. The comment window closed 49d ago.

Abstract

The Providing Accountability Through Transparency Act of 2023 (12 U.S.C. 553(b)(4)) requires that a notice of proposed rulemaking include the internet address of a summary of not more than 100 words in length of a proposed rule, in plain language, that shall be posted on the internet website under section 206(d) of the E-Government Act of 2002 (44 U.S.C. 3501 note) (commonly known as regulations.gov). In summary, the Agencies seek comment on a proposed rule that would amend the requirements that each Agency has issued for its supervised banks (currently referred to as ``BSA compliance programs'') to establish, implement, and maintain effective, risk-based, and reasonably designed AML/CFT programs. The amendments are intended to conform with changes that are being concurrently proposed by FinCEN as a result of the AML Act. The proposal and the required summary can be found at https://www.regulations.gov, https://occ.gov/topics/laws-and-regulations/occ-regulations/proposed-issuances/index-proposed-issuances.html, https://www.federalreserve.gov/apps/foia/proposedregs.aspx, and https://www.fdic.gov/resources/regulations/federal-register-publications/ index.html#.

Commenters (6)

• American Bankers Associationtrade assoc.

  2 filings · confidence 97%
• Bank Policy Institutetrade assoc.

  2 filings · confidence 97%
• National Federation of Independent Businesstrade assoc.

  2 filings · confidence 97%
• Institute of International Bankerstrade assoc.

  1 filing · confidence 85%
• Teachers Insurance and Annuity Association of Americatrade assoc.

  1 filing · confidence 85%
• Wisconsin Bankers Associationtrade assoc.

  1 filing · confidence 97%