# 2026-07033: Treasury Proposes Tougher Rules Against Money Laundering and Terrorism Finance 2026-07033, Anti-Money Laundering and Countering the Financing of Terrorism Programs, is a Federal Register proposed rule from Treasury Department, Financial Crimes Enforcement Network published 2026-04-10, effective Comments must be received by June 9, 2026.; PRIA reads it as touching household money (as of 2026-06-11). - Canonical: https://policyrisk.com/federal-register/2026-07033 - As of: 2026-06-11 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Document number: 2026-07033 - Title: Anti-Money Laundering and Countering the Financing of Terrorism Programs - Type: Proposed Rule - Agencies: Treasury Department; Financial Crimes Enforcement Network - Citation: 91 FR 18704 - Published: 2026-04-10 - Effective: Comments must be received by June 9, 2026. - Comments close: not stated - Significant: no - Touches household money: yes - Regulation identifier numbers: 1506-AB72 - Last updated: 2026-06-11 ## In one line Treasury Proposes Tougher Rules Against Money Laundering and Terrorism Finance ## Summary FinCEN is shaking up the rules for banks and financial companies to fight money laundering and terrorism funding better. They want these businesses to have stronger, clearer programs that help catch bad guys faster and work smoothly with law enforcement. Comments on these changes are open until June 9, 2026, so get ready to weigh in! ## Abstract Pursuant to the Department of the Treasury (Treasury) and FinCEN's efforts to modernize the Bank Secrecy Act (BSA) and to implement provisions of the Anti-Money Laundering Act of 2020 (AML Act), FinCEN is proposing a rule to fundamentally reform the requirements for financial institutions' anti-money laundering and countering the financing of terrorism (AML/CFT) programs. Among other changes, this proposed rule aims to ensure that financial institutions establish and maintain effective AML/CFT programs that better achieve the purposes of the BSA and lead to more effective outcomes for financial institutions as well as law enforcement and national security agencies. Through this rulemaking, consistent with its statutory authority as the administrator of the BSA, FinCEN is also proposing measures to modernize and reform Federal supervision of AML/CFT programs by enhancing FinCEN's role in AML/CFT supervision and enforcement in coordination with Federal banking regulators. In addition, FinCEN is proposing regulatory amendments to promote clarity and consistency across FinCEN's program rules for different types of financial institutions. ## Effects PRIA read - New Mandatory AML/CFT Program Rules: cost, high. FinCEN proposes new rules that would require banks and other financial institutions to establish and maintain an "effective" anti-money laundering and countering the financing of terrorism (AML/CFT) program. The rule explicitly covers 11 types of financial institutions, including banks, casinos, mo… - Stronger FinCEN Supervision Role: benefit, medium. The proposed rule would enhance FinCEN's role in supervising AML/CFT programs for banks by creating a mechanism for FinCEN to review and provide feedback before significant supervisory actions. The change aims to promote more consistent supervision and focus on program effectiveness rather than onl… - Encourages Serving Underbanked Customers: benefit, medium. FinCEN's proposed rule emphasizes a risk-based approach that would let financial institutions direct more resources to higher-risk activities and de-prioritize lower-risk ones. The proposal explicitly aims to reduce inappropriate account closures and help financial institutions extend services to u… - Adds Counter‑Terrorism (CFT) Reference: cost, medium. The proposed rule would formally expand program rules to include countering the financing of terrorism (CFT) alongside anti-money laundering (AML) requirements. This incorporation of CFT into program standards is done pursuant to the AML Act amendments. - Stakeholders Warned of Small‑Bank Burdens: mixed, medium. Commenters told FinCEN that prior proposals would increase costs and burdens, especially for smaller financial institutions, and requested longer implementation timelines (some asked for one to two years instead of six months). FinCEN states it considered these comments and seeks to avoid imposing… ## Related documents - [2026-20430](https://policyrisk.com/federal-register/2026-20430): Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets; Withdrawal, 2026-10-06 - [2026-20429](https://policyrisk.com/federal-register/2026-20429): Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern;…, 2026-10-06 - [2026-16576](https://policyrisk.com/federal-register/2026-16576): Beneficial Ownership Information Reporting Requirement Revision, 2026-08-14 - [2025-05199](https://policyrisk.com/federal-register/2025-05199): Beneficial Ownership Information Reporting Requirement Revision and Deadline Extension, 2025-03-26 - [2026-20371](https://policyrisk.com/federal-register/2026-20371): Proposal of Special Measure Prohibiting the Transmittal of Funds Regarding Transactions Involving the A7 Network's Sub-Agents, 2026-10-05 - [2026-18194](https://policyrisk.com/federal-register/2026-18194): Geographic Targeting Order Imposing Recordkeeping and Reporting Requirements on Certain Money Services Businesses Along the Southwest Border, 2026-09-04 ## Sources - [2026-07033 on federalregister.gov](https://www.federalregister.gov/documents/2026/04/10/2026-07033/anti-money-laundering-and-countering-the-financing-of-terrorism-programs) - [2026-07033 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-04-10/pdf/2026-07033.pdf) ## Related - [Previous: 2026-07015, Notice of Request for Comment on the Part 141 Modernization Industry Recommenda…](https://policyrisk.com/federal-register/2026-07015) - [Next: 2026-07052, Airworthiness Directives; Airbus SAS Airplanes](https://policyrisk.com/federal-register/2026-07052) - [All Federal Register documents](https://policyrisk.com/federal-register) Source: PRIA, https://policyrisk.com/federal-register/2026-07033 (as of 2026-06-11).