On July 7, 2026, the Federal Reserve Board voted 6 to 1 to issue a Notice of Proposed Rulemaking modernizing Anti Money Laundering and Countering the Financing of Terrorism (AML/CFT) program requirements for Board supervised banks. Governor Michael Barr was the sole dissent. The proposal was filed as Docket No. R-1835 (RIN 7100-AG78), amends 12 CFR Part 208 (Regulation H), and was published in the Federal Register on July 9, 2026. The comment period closes September 8, 2026.
