On April 10, 2026, FinCEN published the Proposed Rule to implement provisions of the AML Act and amend FinCEN regulations prescribing the minimum requirements for AML/CFT programs for a broad range of financial institutions including banks, casinos and card clubs, money services businesses (MSBs), brokers or dealers in securities (broker-dealers), mutual funds, insurance companies, futures commission merchants (FCMs) and introducing brokers in commodities (IBCs).
The Proposed Rule reflects Treasury’s priority of BSA reform and modernization and is consistent with Treasury Secretary Scott Bessent’s April 2025 remarks, where he indicated that Treasury would “advocate for changes to the AML/CFT framework to truly focus on national security priorities and higher-risk areas.” The Proposed Rule would introduce several reforms to AML/CFT program compliance and supervision.