Executive Summary: FinCEN Notice of Proposed Rulemaking
The Financial Crimes Enforcement Network (FinCEN) has issued a Notice of Proposed Rulemaking (NPRM1) that fundamentally reforms the requirements for financial institutions’ anti-money laundering and countering the financing of terrorism (AML/CFT) programs. Below is Artisan Advisors’ executive summary of the salient points of the proposal. Artisan’s Risk Management expert, Dan Bagus, read the 202- page Notice […]
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