counter-terrorism

ChainCatcher News, the U.S. Department of the Treasury has released the 2024 National Strategy for Combating Terrorist and Other Illicit Financing, outlining priorities for combating illicit financing. The Treasury emphasized its ongoing work surrounding cryptocurrencies, including sanctions against certain trading platforms and groups such as Bitzlato and Lazarus, as well as a settlement with Binance.The four priorities of the U.S. Department of the Treasury are to close gaps in anti-money laundering regulations, support a more effective and risk-based framework, enhance the efficiency of law enforcement agencies, and leverage technological innovation. Updating the existing cryptocurrency regulatory framework will support these priorities.

ChainCatcher news, according to a report by Reuters, the Central Bank of the UAE has issued anti-money laundering and counter-terrorism financing guidelines for virtual assets. The statement noted that the new guidelines discuss the due diligence required for licensed financial institutions when cooperating with virtual assets and virtual asset service providers.It is reported that the guidelines will take effect within a month and apply to banks, financial companies, exchanges, payment service providers, insurance companies, agents, and brokers. The Central Bank of the UAE stated that the guidelines take into account the standards of the Financial Action Task Force (FATF). (Source link)