The Federal Reserve Board on Tuesday requested public comment on a proposal to amend its requirements for banks to maintain anti-money laundering programs.
The proposal aims to update existing regulations to strengthen the framework for combating money laundering and related financial crimes.
The Board is seeking input from banks, industry groups, and the public on the proposed changes before finalizing any amendments.
Comments will be accepted for a specified period, after which the Board will consider feedback in shaping the final rule.
