FinCEN Publishes April 10 AML Rules, Expanding Terror Finance Compliance Risks

3 articles · Updated · Law.com · May 14

April 10 rules from the Financial Crimes Enforcement Network set new anti-money laundering and counter-terrorism financing requirements that attorneys say raise fresh compliance exposure for financial institutions.
Laurel Loomis Rimon said the framework creates new leverage points for regulators while increasing operational and legal risk for firms subject to the rules.
The report frames the changes as a practical compliance challenge, with institutions needing to assess where the proposal could alter controls, reporting and enforcement vulnerability.
The publication underscores FinCEN’s broader push to tighten defenses against illicit finance and terrorism funding through updated rulemaking.

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