The U.S. Treasury Department is focusing on beefing up anti-money laundering and counter-terrorist financing efforts around digital assets to combat illicit financing.
Their priorities include closing gaps in AML regulations, supporting a more effective framework, boosting law enforcement agencies, and leveraging technology innovations.
Updating supervisory frameworks for cryptocurrencies and potential U.S. regulatory framework updates are key elements in tamping down on illicit financing.
Allocating resources and investing in technology and training for analyzing public blockchain data are essential for enforcing AML/CFT measures on virtual asset activities.
#us-treasury-department #anti-money-laundering #digital-assets #illicit-financing #regulatory-frameworks
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