Financing Act

AML/CFT Priorities (June 30, 2021) - FinCEN.gov

(4)(A) of the Bank Secrecy Act (BSA),3 as amended by Section 6101(b)(2)(C) of the Anti-Money Laundering Act of 2020 (the “AML Act”).4 As required by Section 5318(h)(4)(C) of the BSA, the Priorities are consistent with Treasury’s 2018 and 2020 National Strategy for Combating Terrorist and Other Illicit Financing (the “National Strategy”).5

  Fincen

National Strategy for Combating Terrorist and Other Illicit …

2 National Strategy for Combating Terrorist and Other Illicit Financing Introduction Illicit finance activity in the United States or transiting the U.S. financial system poses a systemic challenge to our financial integrity and national security. It distorts markets and victimizes ordinary Americans. This activity can

Fact Sheet: Proposed Rule to Strengthen and Modernize …

the insertion of “countering the financing of terrorism” (CFT) when describing AML program requirements. This proposed rule would adopt these changes. The AML Act requires FinCEN and the appropriate Federal functional regulators to consider certain factors when prescribing minimum standards for AML/CFT programs and examining for compliance