U.S. Treasury Says It Wants to Better Money Laundering Regulations Around Crypto, Other Illicit Finance
Summary
The U.S. Treasury Department aims to strengthen anti-money laundering and counter-terrorist financing efforts in the digital asset space. Its 2024 strategy emphasizes closing regulatory gaps, enhancing risk-focused frameworks, and leveraging technology. The department seeks to update supervisory frameworks for cryptocurrencies, align with global standards, and secure greater authority and oversight over crypto issues. It also plans to monitor digital asset payments, provide technical assistance to Congress, review sanctions usage, and seek increased funding for relevant agencies.
