The Treasury Department issued the 2024 National Terrorist Financing Risk Assessment and the 2024 National Proliferation Financing Risk Assessment. The assessments are intended to assist both public and private sectors in understanding the current illicit finance environment and developing appropriate risk mitigation strategies.
News & Insights
In a newly issued Fact Sheet, Treasury highlighted recent efforts to fight corruption and enhance its AML efforts.
A U.S.-based multinational technology company settled coordinated enforcement charges by the Commerce Department Bureau of Industry and Security and Treasury’s Office of Foreign Assets Control for failing to identify and prevent the sale of technology products to blocked persons and into sanctioned jurisdictions.
The Financial Action Task Force suspended Russia's membership in response to its "unprovoked and unjustified" invasion of Ukraine.
FinCEN prohibited the transmission of funds by any covered financial institution via Bitzlato, a virtual currency exchange that FinCEN identified as being of a "primary money laundering concern" in connection with Russian illicit finance.