Financial Crime Financial Crime

FinCEN planning 'sandboxes' for banks to test new technologies, acting director says

By Robert Thomason
  • 13 Jan 2022 13:05
  • 13 Jan 2022 13:05
The US Financial Crimes Enforcement Network plans to introduce opportunities for banks to test new technologies in "sandboxes" to fight money laundering without fear of enforcement actions, FinCEN's acting director said today.

Himamauli Das, FinCEN's acting director, described the sandboxes as a series of "interim, but formal frameworks" in which banks could pilot

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