US Republican lawmakers urge FinCEN to 'modernize' anti-money laundering rules
( June 17, 2026, 16:01 GMT | Official Statement) -- MLex Summary: Representatives French Hill and Warren Davidson, both Republicans on the House of Representatives Committee on Financial Services, sent a letter to US Financial Crimes Enforcement Network Director Andrea Gacki urging FinCEN to finalize new anti-money laundering rules they say would reduce unnecessary compliance burdens, raise outdated reporting thresholds and encourage AI-driven risk monitoring.Statement follows below. Document attached....
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