{"abstract":"FinCEN is issuing a final rule implementing sections 352, 326 and 312 of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (\"USA PATRIOT Act\") and removing the anti-money laundering program exemption for banks that lack a Federal functional regulator, including, but not limited to, private banks, non-federally insured credit unions, and certain trust companies. The Final Rule requires minimum standards for anti-money laundering programs for banks without a Federal functional regulator to ensure that all banks, regardless of whether they are subject to Federal regulation and oversight, are required to establish and implement anti-money laundering programs, and extends customer identification program requirements and beneficial ownership requirements to those banks not already subject to these requirements.","action":"Final rule.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2020/09/15/2020-20325.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"1010","title":31},{"chapter":null,"citation_url":null,"part":"1020","title":31}],"citation":"85 FR 57129","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Effective Date: November 16, 2020.","disposition_notes":null,"docket_ids":[],"dockets":[],"document_number":"2020-20325","effective_on":"2020-11-16","end_page":57138,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2020/09/15/2020-20325.xml","html_url":"https://www.federalregister.gov/documents/2020/09/15/2020-20325/financial-crimes-enforcement-network-customer-identification-programs-anti-money-laundering-programs","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2020-20325?publication_date=2020-09-15","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2020-09-15/2020-20325/mods.xml","not_received_for_publication":null,"page_length":10,"page_views":{"count":25711,"last_updated":"2026-09-22 00:15:09 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2020-09-15/pdf/2020-20325.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-20325.pdf?1600087536","publication_date":"2020-09-15","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2020/09/15/2020-20325.txt","regulation_id_number_info":{"1506-AB28":{"issue":"202004","html_url":"https://www.federalregister.gov/regulations/1506-AB28/anti-money-laundering-programs-for-banks-lacking-a-federal-functional-regulator","title":"Anti-Money Laundering Programs for Banks Lacking a Federal Functional Regulator","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202004&RIN=1506-AB28&operation=OPERATION_EXPORT_XML","priority_category":"Other Significant"}},"regulation_id_numbers":["1506-AB28"],"regulations_dot_gov_info":{"supporting_documents":[],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/1506-AB28/anti-money-laundering-programs-for-banks-lacking-a-federal-functional-regulator","title":"Anti-Money Laundering Programs for Banks Lacking a Federal Functional Regulator"},"comments_count":0,"agency_id":"FINCEN","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=FINCEN-2014-0004","supporting_documents_count":0,"docket_id":"FINCEN-2014-0004","document_id":"FINCEN-2014-0004-0010","regulation_id_number":"1506-AB28","title":"Anti-Money Laundering Programs for Banks  Lacking a Federal Functional Regulator","checked_regulationsdotgov_at":"2020-09-17T02:30:06Z"},"regulations_dot_gov_url":null,"significant":true,"signing_date":null,"start_page":57129,"subtype":null,"title":"Financial Crimes Enforcement Network; Customer Identification Programs, Anti-Money Laundering Programs, and Beneficial Ownership Requirements for Banks Lacking a Federal Functional Regulator","toc_doc":"Customer Identification Programs, Anti-Money Laundering Programs, and Beneficial Ownership Requirements for Banks Lacking a Federal Functional Regulator","toc_subject":"Financial Crimes Enforcement Network:\n","topics":["Administrative practice and procedure","Banks, banking","Currency","Foreign banking","Foreign currencies","Investigations","Penalties","Reporting and recordkeeping requirements","Terrorism"],"type":"Rule","volume":85}