United States of America: Financial Crimes Enforcement Network closes consultation on proposed survey of the costs of anti-money laundering and countering the financing of terrorism (AML/CFT) compliance

On 1 December 2025, the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) closes a consultation on a proposed survey of the costs of anti-money laundering and countering the financing of terrorism (AML/CFT) compliance. The consultation aims to gather information on the direct compliance costs incurred by non-bank financial institutions and other businesses, such as money service business, credit card operators, and loan and finance companies. The proposed survey requests detailed financial information for calendar year 2024, focusing on direct costs such as labour, transaction monitoring software, and third-party services, while excluding indirect expenses like office space. It asks for the total estimated direct cost for Bank Secrecy Act (BSA) and related AML/CFT compliance, and this cost as a percentage of total operating expenses.