FinCEN Requests Public Comment on Proposed Survey of AML/CFT Compliance Costs

Summary

The Financial Crimes Enforcement Network (FinCEN) is seeking public comment on a proposed information collection to survey the costs of Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) compliance for non-bank financial institutions. The proposed survey aims to gather data on the direct compliance costs incurred by these institutions with AML/CFT requirements.