The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has invited public and interagency comment on a proposed survey intended to measure the costs of compliance with anti-money laundering and countering the financing of terrorism (AML/CFT) requirements. The survey would collect information on direct AML/CFT compliance costs incurred by non-bank financial institutions and, where spending overlaps with other activities such as fraud monitoring, the portion attributable to AML/CFT compliance. FinCEN indicated the survey is aimed at non-bank sectors including casinos and card clubs, money services businesses, insurance companies, dealers in precious metals, precious stones, or jewels, operators of credit card systems, and loan or finance companies. Responses are intended to support understanding of the financial impact of AML/CFT regulation and to inform deregulatory proposals aligned with Trump Administration Executive Orders, and FinCEN stated the information will not be used for supervisory or enforcement purposes. Written comments must be received on or before 1 December 2025.
Financial Crimes Enforcement Network 2025-09-29
United States' Financial Crimes Enforcement Network seeks comments on proposed survey of AML CFT compliance costs for non-bank financial institutions
The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) seeks feedback on a proposed survey to assess compliance costs with AML/CFT requirements for non-bank financial institutions. Targeting sectors like casinos, money services businesses, and insurance companies, it aims to inform deregulatory proposals. FinCEN clarified the survey data won't be used for supervisory or enforcement purposes.