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BSA Modernization Is Coming: What FinCEN’s AML/CFT Proposal Means for Community Financial Institutions

Written by Karly Field | May 29, 2026 1:23:04 PM

 

BSA Modernization Is Coming: What FinCEN’s AML/CFT Proposal Means for Community Financial Institutions

On April 7, 2026, FinCEN issued a proposed rule aimed at modernizing financial institutions’ AML/CFT programs under the Bank Secrecy Act. The proposal is not a final rule, but it does signal a meaningful shift toward more effective, risk-based AML/CFT programs focused on outcomes, not just procedural checklists.

In this Beyond the Vault session, we’ll provide a high-level overview of the proposed rule, what community financial institutions should be watching, and why now is the time to evaluate—not overhaul—your current AML/CFT program. We’ll also discuss practical ways financial institutions can prepare for future changes, strengthen program effectiveness, and think more strategically about technology, documentation, and risk management.

June 25th, 10:00 a.m. Central