The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) announced on Thursday that it is seeking to close money-laundering loopholes and enhance regulations to prevent illicit finance. The announcement is part of the broader 2024 National Strategy for Combatting Terrorist and Other Illicit Financing, which outlines the U.S. government's efforts and activities around virtual assets since the 2022 strategy. The Treasury's illicit finance strategy includes monitoring and improving the anti-money laundering framework for digital assets, reflecting the evolving market changes and regulatory responses.
Treasury details response to illicit finance threats of money laundering, terrorism https://t.co/JWeH5fJdfO
Financial disclosures are essential for transparency, trust, and fairness in the financial system. And as digital assets become even more integral, financial disclosures must also evolve to reflect the resulting market changes and regulatory responses. 🧵
The U.S. Treasury Department said Thursday it is looking whether more regulations are needed to prevent money laundering and illicit finance. https://t.co/6CLGa3ZoAj
US Treasury seeks to close money-laundering loopholes https://t.co/j6h5QdeBrW https://t.co/mq0CktRlxf
.@USTreasury just released the 2024 Nat Strategy for Combatting Terrorist & Other Illicit Financing. The report pretty much outlines what the USG has done and is doing around virtual assets, noting activities since the 2022 strategy. We’re taking a closer look to see if… https://t.co/vJ2fgDRlOe
⚠️ US TREASURY'S FINANCIAL CRIMES UNIT SEEKS TO CLOSE MONEY-LAUNDERING LOOPHOLES Full Story → https://t.co/KUT6clKgXe The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) said on Thursday it is looking whether more regulations are needed to prevent…
NEW: The U.S. Treasury Department laid out its illicit finance strategy on Thursday, saying it intends to monitor and improve its anti-money laundering framework for digital assets as part of its broader efforts. @nikhileshde reports https://t.co/xHjVcM8wwM