The original headline is "Federal Reserve Proposes Risk-Based AML/CFT Program Requirements"

Short summary

Federal Reserve proposes new risk-based AML/CFT requirements for Board-supervised banks, emphasizing risk assessment and resource allocation to higher-risk activities. Core compliance elements (customer due diligence, testing, training, US-based officers) must be maintained. Banks should review requirements and submit comments by September 8, 2026.

• •New risk-based AML/CFT program requirements mandate assessment across products, services, channels, and geographies
• •Banks must prioritize resources for higher-risk customers and activities with updated risk assessments
• •Comment period ends September 8, 2026; aligns with related FinCEN, OCC, FDIC, and NCUA rules

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