BSA Update from Faulkender

Posted 6/20/25

In remarks before the 62nd plenary of the Bank Secrecy Act Advisory Group (BSAAG), Deputy Treasury Secretary Michael Faulkender outlined the Trump Administration’s guiding principles for overhauling the Bank Secrecy Act (BSA) and modernizing anti-money laundering and countering the financing of terrorism (AML/CFT) regulations.

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