Reforming AML/CFT Programs
In case you missed it, FinCEN recently issued a Proposed Rule to “Fundamentally Reform Financial Institution Programs Designed to Fight Illicit Finance”. This replaces the previously issued proposed rule; however, it does still incorporate many of the requirements of the 2020 AML/CFT Reform Act. The big takeaway is that this proposal is looking to place less focus on paperwork and box checking and more focus on mitigating higher-risk areas. It’s also addressed artificial intelligence and FinCEN’s plan to take a more active role in enforcement.
Emily gave a quick overview of this Proposed Rule in our April Monthly Connection. Here’s what she had to say.
Published 2026/04/29
Emily Riley
Emily joined Banker’s Compliance Consulting with past roles that include Compliance Officer, CRA Officer, Flood Specialist and head of the Mortgage Department at a community Bank. Though some may find it a bit mundane, Emily enjoys reading regulations – often in the middle of the night when the insomnia kicks in. Emily has a heart for compliance and loves to see others succeed. Emily and her husband have two children, two dogs, and two birds. Though Emily has numerous hobbies (some of which include motorcycles (Harley Davidson), piecing quilts, and reading) her favorite thing is to spend time with her husband, children, and family.