ABSTRACT

Anti-Money Laundering and Countering the Financing of Terrorism National Priorities   [open pdf - 443KB]

From the Document: "The Financial Crimes Enforcement Network (FinCEN), after consulting with the U.S. Department of the Treasury's (Treasury's) Offices of Terrorist Financing and Financial Crimes, Foreign Assets Control (OFAC), and Intelligence and Analysis, as well as the Attorney General, Federal functional regulators, relevant state financial regulators, and relevant law enforcement and national security agencies, is issuing these first governmentwide priorities for anti-money laundering and countering the financing of terrorism (AML/ CFT) policy (the 'Priorities'). [...] As explained in more detail below, the Priorities are, in no particular order: (1) corruption; (2) cybercrime, including relevant cybersecurity and virtual currency considerations; (3) foreign and domestic terrorist financing; (4) fraud; (5) transnational criminal organization activity; (6) drug trafficking organization activity; (7) human trafficking and human smuggling; and (8) proliferation financing. The establishment of these Priorities is intended to assist all covered institutions6 in their efforts to meet their obligations under laws and regulations designed to combat money laundering and counter terrorist financing."

Publisher:
Date:
2021-06-30
Copyright:
Public Domain
Retrieved From:
Financial Crimes Enforcement Network: https://www.fincen.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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