Regulatory relief from anti-money laundering rules is in the cards for casinos, insurance companies and other non-bank financial institutions, the U.S. Treasury Department’s Treasury’s Financial Crimes Enforcement Network (FinCEN) said Monday.
The FinCEN is asking institutions to undertake a survey and to describe any overlap between their AML and Countering of Financing Terrorism programs (CFT), with other anti-fraud requirements they must comply with.
