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.
OFAC issued four FAQs related to a previously sanctioned virtual currency mixer used in facilitating illicit activities for OFAC-sanctioned entities.
OFAC sanctioned a virtual currency mixer responsible for laundering over $7 billion since its inception, as well as facilitating illicit activities for OFAC-sanctioned entities. This is the first time OFAC sanctioned a decentralized technology protocol instead of an individual, group or entity.
At SIFMA's 2022 Anti-Money Laundering & Financial Crimes Conference, DOJ and Treasury executives focused their remarks on recent efforts to respond to Russia's invasion of Ukraine and the management of money laundering risks related to digital assets.