Federal Reserve adopts fintech master account guidelines

Federal Reserve issued final guidelines on September 1, 2022.

Primary

Federal Reserve

Structure

final guidelines

Date

September 1, 2022

Sub-sector

Regtech / KYC / AML

Fed establishes formal risk-assessment framework for fintech firms seeking master account access, including explicit AML/KYC compliance requirements.

Primary company

Federal Reserve

Counterparty

—

Amount

—

Event date

September 1, 2022

Sub-sector

Regtech / KYC / AML

HQ

—

Structure

final guidelines

Source published

December 23, 2022

Publisher

National Law Review

Source: natlawreview.com