US Regulatory Freeze’s Impact on AML Rules Will Vary: Analysts

By Valentina Pasquali and Daniel Bethencourt

A White House-imposed halt on federal regulations may slow the finalization of certain anti-money laundering and sanctions rules indefinitely but probably won't entail significant revisions or long-term delays to others, say sources. A few hours after President Donald Trump took office, White House Chief of Staff Reince Priebus issued a broadly worded memo Friday instructing federal departments and agencies to refrain from introducing or further developing "any" rules or interpretive regulatory guidance until the new administration can complete a review. Attorneys, former officials and other sources contacted by ACAMS differed on the extent to which the freeze would impact...