Federal Reserve Board requests comment on a proposal to amend its requirements



Federal Reserve Board - Federal Reserve Board requests comment on a proposal to amend its requirements for banks to maintain anti-money laundering programs Skip to main content

Official websites use .gov
A .gov website belongs to an official government organization in the United States.

Secure .gov websites use HTTPS
A lock () or https:// means you've safely connected to the .gov website. Share sensitive information only on official, secure websites.

July 07, 2026

For release at 3:00 p.m. EDT

The Federal Reserve Board on Tuesday requested comment on a proposal to amend its requirements for banks to maintain anti-money laundering programs. The amendments are intended to align with changes to anti-money laundering program requirements separately proposed by four other agencies.

Among other changes, the proposal would require banks to focus their anti-money laundering resources based on risk, with more attention given to higher-risk customers and activities. The proposed amendments would also require banks to incorporate the Financial Crimes Enforcement Network's anti-money laundering priorities into their risk assessment processes. Under the proposal, once a bank has established an anti-money laundering program, the Federal Reserve would focus supervision and enforcement activities on significant failures to implement the program.

For media inquiries, please email [email protected] or call 202-452-2955.

Federal Register notice: Anti-Money Laundering and Countering the Financing of Terrorism Programs

Statement by Governor Barr

Last Update: July 09, 2026