Opportunity
Federal Register #2026-08242
Treasury Department Seeks Comment on Voluntary AML/CFT Compliance Cost Survey for Financial Institutions
Buyer
Treasury Department
Posted
April 28, 2026
Respond By
May 28, 2026
Identifier
2026-08242
NAICS
541910
The U.S. Treasury Department, through its Departmental Offices and the Financial Crimes Enforcement Network (FinCEN), is seeking public comment on a proposed voluntary survey regarding anti-money laundering and countering the financing of terrorism (AML/CFT) compliance costs: - Government Buyer: - U.S. Department of the Treasury, Departmental Offices, Financial Crimes Enforcement Network (FinCEN) - Purpose and Scope: - Voluntary survey to collect data on the costs of AML/CFT compliance - Focused initially on money services businesses (MSBs) subject to the Bank Secrecy Act (BSA) - Survey will be distributed through MSB trade associations - Data will inform potential regulatory and deregulatory actions - Products/Services Requested: - No products or commercial services are being procured - The only service is the information collection via survey - Unique/Notable Requirements: - Survey participation is voluntary - Responses will not be used for supervisory or enforcement purposes - Pilot phase limited to MSBs, with possible future expansion to other non-bank financial institutions (NBFIs) - No OEMs or vendors are involved, as this is an information collection activity, not a procurement.
Description
The Department of the Treasury will submit an information collection request to the Office of Management and Budget for review and clearance under the Paperwork Reduction Act of 1995. This new collection involves a voluntary survey to gather information on the costs of anti-money laundering and countering the financing of terrorism (AML/CFT) compliance by financial institutions subject to the Bank Secrecy Act, focusing initially on money services businesses (MSBs). The survey aims to better understand compliance costs and may inform regulatory adjustments and deregulatory proposals. Responses will not be used for supervisory or enforcement purposes, and the pilot survey will be distributed through MSB trade associations.