Before the House Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions, Treasury Under Secretary Brian E. Nelson and FinCEN Acting Director Himamauli Das reviewed efforts to combat illicit finance and strengthen the U.S. AML/CFT regime.
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FinCEN said that ransomware attacks continue to pose a significant threat to the soundness of critical U.S. infrastructure.
The DOJ filed a forfeiture complaint for $500,000 in ransom payments paid to North Korean state-sponsored groups that had hacked health care providers' online servers in Kansas and Colorado in separate ransomware incidents.
President Joseph R. Biden signed an "Executive Order on Ensuring Responsible Development of Digital Assets," which outlined a "first ever, whole-of-government approach" to address the risks and potential benefits of digital assets.
In a new fact sheet, FinCEN describes how its Rapid Response Program "helps victims and their financial institutions recover funds stolen as the result of certain cyber-enabled financial crime schemes, including business e-mail compromise."