U.S. Department of the Treasury to establish national AML and CFT priorities

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anti-money laundering initiative counter-terrorist financing initiative regulatory policy framework

The U.S. Department of the Treasury’s national AML and CFT priorities are a set of government-wide strategic objectives designed to guide financial institutions and agencies in detecting, preventing, and reporting money laundering and terrorist financing activities.

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Observed surface forms (1)

Surface form	Occurrences
U.S. Department of the Treasury national AML and CFT priorities	0

Statements (39)

Predicate	Object
instanceOf	anti-money laundering initiative ⓘ counter-terrorist financing initiative ⓘ regulatory policy framework ⓘ
appliesTo	federal regulatory agencies ⓘ financial institutions in the United States ⓘ law enforcement agencies ⓘ
characteristic	periodically updated ⓘ publicly communicated to covered institutions ⓘ risk-based ⓘ
country	United States of America ⓘ surface form: United States
focusesOn	illicit finance risks ⓘ money laundering ⓘ terrorist financing ⓘ
guides	customer due diligence measures ⓘ risk-based AML programs ⓘ suspicious activity monitoring and reporting ⓘ
jurisdiction	United States government ⓘ surface form: federal government of the United States
legalBasis	Anti-Money Laundering Act of 2020 ⓘ Bank Secrecy Act ⓘ USA PATRIOT Act ⓘ
objective	enhance effectiveness of the U.S. AML regime ⓘ improve coordination among U.S. agencies on illicit finance ⓘ support national security and foreign policy goals ⓘ
publisher	United States Department of the Treasury ⓘ surface form: U.S. Department of the Treasury
purpose	align AML and CFT efforts across the U.S. government ⓘ guide financial institutions in detecting money laundering ⓘ guide financial institutions in detecting terrorist financing ⓘ guide financial institutions in preventing money laundering ⓘ guide financial institutions in preventing terrorist financing ⓘ guide financial institutions in reporting money laundering ⓘ guide financial institutions in reporting terrorist financing ⓘ
relatedTo	Financial Crimes Enforcement Network ⓘ federal functional regulators ⓘ
scope	government-wide strategic objectives ⓘ
usedBy	banks ⓘ broker-dealers in securities ⓘ credit unions ⓘ money services businesses ⓘ other covered financial institutions ⓘ

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Anti-Money Laundering Act of 2020 → directs → U.S. Department of the Treasury to establish national AML and CFT priorities ⓘ