On January 8, the FDIC issued a notice and request for comment in the Federal Register regarding use of a proposed survey to collect data from insured depository institutions on the costs of anti-money laundering and countering the financing of terrorism (AML/CFT) compliance under the BSA/AML. The survey is intended to help the FDIC assess the cumulative impact of AML/CFT regulations and inform potential deregulatory-oriented rulemakings without compromising regulatory effectiveness. The FDIC stated that survey responses would be treated as confidential and shared only in aggregated form. Comments will be accepted until February 9.
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