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Markets·Unverified·Live

Proposal to overhaul anti-money-laundering rules

Updated ·First reported ·1 source

Summary

US regulators have proposed an overhaul of anti-money-laundering rules. The plan, unveiled Tuesday, is expected to be welcomed by Wall Street banks. The proposal follows recent policy wins for the financial sector under the Trump administration.

Key Facts

  • US regulators proposed an overhaul of rules intended to prevent money laundering.[1]confirmed
  • The move is likely to be welcomed by Wall Street and follows policy changes pushed by banks under the Trump administration.[1]confirmed

Locations

United StatesUnited States, North America
37.09, -95.71
Wall StreetUnited States, New York
40.71, -74.01

Sources (1)

  • initial report

Changelog

initial reportv1

Automated synthesis

Show summary

US regulators have proposed an overhaul of anti-money-laundering rules. The plan, unveiled Tuesday, is expected to be welcomed by Wall Street banks. The proposal follows recent policy wins for the financial sector under the Trump administration.

  • • US regulators proposed an overhaul of rules intended to prevent money laundering.
  • • The move is likely to be welcomed by Wall Street and follows policy changes pushed by banks under the Trump administration.