The Financial Crimes Enforcement Network requested comments on a proposal to make anti-money laundering, customer identification program and beneficial ownership rules applicable to all banks.

FINRA reminded member firms that, as of September 12, 2016, they will be subject to annual testing requirements and connectivity fees if they elect to use the Alternative Display Facility for trade reporting purposes.

The SEC brought enforcement actions against 71 municipal issuers and other obligated persons for municipal bond offering violations. The actions are part of the SEC's Municipalities Continuing Disclosure Cooperation Initiative, which is "a voluntary self-reporting program targeting material misstatements and omissions in municipal bond offering documents."

The Consumer Financial Protection Bureau requested comments on its proposed amendments to procedures and rules for the disclosure of records and information. The request for comments was published in the Federal Register.

The SEC granted accelerated approval of the MSRB's proposal to amend MSRB Rule G-12 in order to mandate the closing out of failed inter-dealer transactions within a specified period. The SEC also requested comments on the proposal. The final rule change and request for comments were published in the Federal Register.