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Dozens of global banks, credit unions and money transmitters broadly applauded a U.S. plan to increase the efficacy of anti-money laundering rules, but sought far more granular information on what the proposals entail and questioned the viability of many of them. More than 100 financial institutions, compliance officers, technology firms, attorneys and consultants submitted comments on an advanced notice of proposed rulemaking, or ANPRM, that the U.S. Financial Crimes Enforcement Network issued in September to require that they maintain "effective and reasonably designed" controls against financial crime. The plan would codify an existing expectation that financial institutions formally assess their...