SEC. 9 › (c)

(c) .— Treasury Risk Assessment

Bill Text

§9(c)

(c) .— Treasury Risk Assessment

As part of the national strategy for combating terrorist and other illicit financing requiredunder sections 261 and 262 of the Countering America’s Adversaries Through Sanctions Act (;), the Secretary of the Treasury shall consider—

§9(c)(1)

(1)

the source of illicit activity, such as money laundering and sanctions evasion involving digital assets;

§9(c)(2)

(2)

the effectiveness of and gaps in existing methods, techniques, and strategies used by regulated financial institutions in detecting illicit activity, such as money laundering, involving digital assets;

§9(c)(3)

(3)

the impact of existing regulatory frameworks on the use and development of innovative methods, techniques, or strategies by regulated financial institutions; and

§9(c)(4)

(4)

any foreign jurisdictions that pose a high risk of facilitating illicit activity through the use of digital assets to obtain fiat currency.

Parent Section

SEC. 9

ANTI-MONEY LAUNDERING INNOVATION

Regulatory Agencies

Treasury

Department of the Treasury

Related Sections

Other sections under SEC. 9

SEC. 9 › (a)(a) .— Public Comment SEC. 9 › (b)(b) .— Treasury Research SEC. 9 › (d)(d) .— FinCEN Guidance or Rulemaking SEC. 9 › (e)(e) .— Recommendations and Report to Congress SEC. 9 › (f)(f) .— Rule of Construction