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Treasury calls for comments on illicit financing risks affecting digital assets; Quoted by Brian Nelson

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News Tech: In accordance with a newly issued action plan and a March executive order on digital assets, the Department of the Treasury is seeking public input on the vulnerabilities that digital assets represent to national security and illicit finance.

The Treasury is also looking at ways to promote the development of a prospective U.S. central bank digital currency in a way that effectively integrates anti-money laundering and countering the funding of terrorist safeguards.

According to a Federal Register notice published on Tuesday, the department is asking the public to list illicit finance risks connected to non-fungible tokens, decentralised finance, and peer-to-peer payment technologies and suggest additional measures the U.S. government should take to detect, disrupt, and deter the misuse of digital assets.

The notification also includes a list of further inquiries about AML/CFT regulation and oversight, international AML/CFT standard implementation, and private sector involvement.

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