US Treasury publishes its National Illicit Finance Strategy 2024, highlighting recent reforms to close loopholes exploited by illicit actors

The 2024 Strategy addresses key illicit finance threats related to large-scale fraud schemes, attacks, an opioid-driven overdose epidemic, foreign and domestic terrorist attacks, corruption, and illicit exploitation of technological advances in payments and financial products and services. The details show how the United States will function on the efforts to modernize the U.S. AML/CFT regime, enhance operational effectiveness in combating illicit actors, and embrace technological innovation to mitigate risks…