Senator Elizabeth Warren (D-MA) and Senator Roger Marshall (R-KS) introduced the Digital Asset Anti-Money Laundering Act, which would expand the scope of BSA regulations to subject digital assets to the AML/CFT framework governing financial institutions.
News & Insights
Assistant Secretary of the Treasury for Terrorist Financing and Financial Crimes Elizabeth Rosenberg highlighted areas of increasing concern for AML/CFT policymakers: the hiding of ownership of assets managed by investment advisers and the lack of regulation over the non-financed segment of the real estate market.
In response to a Treasury request for comment on the use of digital assets in illicit finance activities, SIFMA asserted that traditional financial institutions are well-prepared to manage the risk of digital assets being employed for improper purposes.
FinCEN said that ransomware attacks continue to pose a significant threat to the soundness of critical U.S. infrastructure.
The Financial Action Task Force updated its list of jurisdictions with strategic AML/CFT and counter-proliferation deficiencies.