TechFlow news, according to Coindesk, the U.S. Department of the Treasury aims to further strengthen anti-money laundering (AML) and countering the financing of terrorism (CFT) efforts around digital assets as part of its broader strategy to combat illicit financing.
The department reportedly released on Thursday its 2024 "National Strategy for Combating Terrorist and Other Illicit Financing," outlining priorities in fighting illicit financial activities. The Treasury emphasized its ongoing work related to cryptocurrencies, including sanctions against certain exchanges and groups such as Bitzlato and Lazarus, the settlement with Binance, and warnings about pig-butchering scams. This annual document details how the Treasury views illicit finance and the potential role cryptocurrency regulation can play in curbing these issues.
Overall, the Thursday strategy document states that its four priorities are closing gaps in AML regulations, supporting a "more effective and risk-focused" framework, improving the efficiency of law enforcement agencies, and leveraging technological innovation.
