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المشهد العربي
Federal Reserve proposes amendments to anti-money laundering rules for banks
The Federal Reserve Board has proposed amending anti-money laundering regulations for banks to enhance oversight focus on high-risk areas, while allowing greater flexibility in managing high-risk activities. This comes in response to criticism of the current strict regulations, which may hinder some individuals and businesses from accessing banking services. The new adjustments aim to allocate resources more efficiently and are part of a regulatory effort to direct attention toward genuine threats. There will be an extended 60-day period for consultation and comment before the regulations are officially adopted.
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