REGULATION · US
Treasury mulls raising AML reporting thresholds, factoring in customer tenure
US Treasury Secretary Scott Bessent signaled the administration may raise long-standing Suspicious Activity Report (SAR) thresholds and give banks credit for how long they've known customers—potentially lowering compliance burden for established relationships.
WHY IT MATTERS
Could reshape AML risk models: banks holding 5+ years of customer data may face lighter scrutiny, shifting cost-benefit on customer onboarding automation and fraud detection AI.
Source: PYMNTS · 2026-09-16