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Event File FINTECH Anti-Money Laundering (AML) Federal Deposit Insurance Corporation (FDIC)

U.S. Regulators Propose Tougher AML Rules for Banks and FinTechs

1 reports · First detected 2026-04-09 · Last active 2026-04-09

U.S. banks and FinTechs share APIs, customer identities and transaction data, but fragmented information can undermine the detection of suspicious transactions. The FDIC, OCC and NCUA are therefore requiring regulated institutions to allocate resources according to their actual risks and bring business partners into an ongoing AML compliance framework.

The latest draft was jointly proposed by the three agencies. It focuses on embedding APIs, identity data and transaction transparency into banks' compliance processes while keeping risk assessments up to date. Available information on the proposal does not disclose its publication date, effective date, applicable thresholds or monetary amounts. The final rule and implementation timetable remain pending.

All Coverage

1 original reports
PYMNTS.COM 2026-04-09
Regulators Put Bank and FinTech AML Infrastructure on Notice

The Backstory

The history behind this event
Fed Proposes Evidence-Based Shift in Bank AML Oversight2026-07-21 · 1 reports · similarity 0.83

The Anti-Money Laundering Act of 2020 directed U.S. regulators to modernize the Bank Secrecy Act framework and make AML/CFT programs more effective. The Federal Reserve’s proposal matters because it would push supervised banks to allocate compliance resources according to actual illicit-finance risks, rather than treating documentation and standardized reviews as ends in themselves. Banks would need evidence showing that risk assessments, controls, testing, training and customer due diligence work in practice.

The Federal Reserve Board approved the proposal on July 6, 2026, and announced it on July 7, proposing amendments to 12 CFR Part 208. Banks would have to incorporate Financial Crimes Enforcement Network AML/CFT priorities into risk assessments and update programs when products, customers, channels or geographic exposures materially change. Once a program is properly established, supervision and enforcement would focus on significant implementation failures. Comments are due September 8; the proposal specifies no new fine or compliance-spending amount.

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