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Trump’s Latest Executive Order Could Impact AML Regulations, Supervision

By Chelsea Carrick and Charlie Passut

President Donald Trump signed an executive order Wednesday that could indefinitely shelve several pending anti-money laundering requirements and dramatically pin back regulatory interpretation of those already in force, analysts told ACAMS moneylaundering.com. Through the order, the White House aims to exert full control over regulatory agencies that now operate within, but semi-independently of, the executive branch, including the Federal Reserve, Federal Deposit Insurance Corp., or FDIC, Office of the Comptroller of the Currency, or OCC, Consumer Financial Protection Bureau and Securities and Exchange Commission. "The president and the attorney general, subject to the president's supervision and control, shall provide authoritative...

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