United States:
FinCEN Acting Director Describes Transformation Of The AML/CFT Regulatory Regime
19 January 2022
Cadwalader, Wickersham & Taft LLP
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FinCEN Acting Director Him Das highlighted new threats, new innovation
and public-private partnerships in the transformation of the
AML/Counter-Terrorist Financing ("AML/CFT") regulatory
regime.
In an address before the American Bankers Association/American
Bar Association, Mr. Das focused on how the AML/CFT regulatory
regime must account for new threats, such as ransomware, and new
innovations, such as digital assets. He praised the success of
regulatory "sandboxes" and promoted greater
public-private partnerships "to modernize and enforce this
regime." Mr. Das said that he wants to transform the AML/CFT
regime from post-9/11 to post-pandemic with a focus on artificial
intelligence and digital assets.
Primary Sources
- FinCEN: Prepared Remarks of FinCEN Acting Director
Him Das, Delivered Virtually at the American Bankers
Association/American Bar Association FinCEN
Conference
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