FDIC, OCC and NCUA seek comment on new AML/CFT program rule

The FDIC, OCC and NCUA have requested comment on a proposed rule to revise anti-money laundering and countering the financing of terrorism programs for banks and credit unions.

The agencies said the proposal is intended to align their rules with FinCEN’s companion AML/CFT reform proposal and with the Anti-Money Laundering Act of 2020. According to the FDIC, the rule would be published in the Federal Register and opened for a 60-day comment period.

The joint announcement was issued on April 7, 2026. FinCEN released its own concurrent proposal the same day, describing a broader effort to modernize financial institution AML programs.

The agencies said the changes are meant to support risk-based compliance programs and update program requirements across the banking system. NCUA and the OCC also surfaced the announcement on their websites the same day.

The new proposal is notable because it moves a previously discussed reform agenda into the formal public-comment process. For banks, credit unions and compliance teams, the immediate task is to review the proposed rule once the Federal Register notice appears.

The agencies did not announce final requirements, only the start of the comment process.