DC Disrupted: FinCEN's Risk-Focused AML/CFT Overhaul

Episode 29 will discuss key takeaways from the U.S. Financial Crimes Enforcement Network's recently proposed overhaul of program requirements related to anti-money laundering and countering the financing of terrorism (AML/CFT).

As FinCEN shifts from process-driven compliance to a risk-based model that emphasizes demonstrable outcomes in preventing illicit finance, we'll cover key potential impacts for a wide range of financial institutions, including banks, money services businesses, money transmitters, casinos, broker-dealers, and others. Topics also will include considerations related to material or systemic failures, updated notification requirements, and FinCEN's public comment period, which will conclude June 9, 2026.

For questions, please contact Patty Hwang.