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FRS RIN: 7100-AG78 Publication ID: Fall 2024 
Title: ●R-1835 Anti-Money Laundering and Countering the Financing of Terrorism Program Requirements 
Abstract:

The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA) (collectively, ‘the Agencies’ or ‘Agency’ when referencing the singular) are inviting comment on a proposed rule that would amend the requirements that each Agency has issued for its supervised banks (currently referred to as Bank Secrecy Act (BSA) compliance programs) to establish, implement, and maintain effective, risk-based, and reasonably designed Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) programs.

 
Agency: Federal Reserve System(FRS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Long-Term Actions 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 12 CFR 208   
Legal Authority: 12 U.S.C. 1818(s) and 1786(q)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  08/09/2024  89 FR 65242   
Comment Period End  10/08/2024 
Next Action Undetermined  To Be Determined 
Additional Information: Undetermined.
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Bernard Kim
Special Counsel
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 452-3080

Koko Ives
Manager, BSA/AML Risk
Federal Reserve System
Division of Supervision and Regulation,
Washington, DC 20551
Phone:202 973-6163

Jason Gonzalez
Deputy Associate General Counsel
Federal Reserve System
Legal Division,
Washington, DC 20551
Phone:202 452-3275