FinCEN SEEKS COMMENTS ON MODERNISATION OF AML/CFT REGULATORY REGIME

A news release from FinCEN on 14 December advised that it was seeking comments on ways to streamline, modernize, and update the AML/CFT regime.  It says that it is particularly interested in comments on ways to modernise risk-based AML/CFT regulations and guidance, issued pursuant to the Bank Secrecy Act (BSA) so that they, on a continuing basis, protect national security in a cost-effective and efficient manner.  Comments are required by 14 February.

https://www.fincen.gov/news/news-releases/fincen-seeks-comments-modernization-us-amlcft-regulatory-regime

https://www.federalregister.gov/public-inspection/2021-27081/review-of-bank-secrecy-act-regulations-and-guidance

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at https://www.buymea3coffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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