Events listed in Anti-Money Laundering Act of 2020
Treasury Department Announces 2023 De-Risking Strategy
ID 22970
The U.S. Department of the Treasury (USDT) has published its so-called Derisking Strategy which primarily includes recommendations for supervisory authorities of financial institutions such as FinCEN, the Financial Crimes Enforcement Network, or FFIEC, the Federal Financial Institutions Examination Council, so as to de-motivate and de-incentivize the practice of derisking in the financial market. The key recommendations are briefly described below, following a brief descripti ...