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2024 National Risk Assessment Published by the US Treasury

07 February 2024
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2024 National Risk Assessment Published by the US Treasury

The U.S. Department of the Treasury has published the 2024 National Risk Assessments on Money Laundering, Terrorist Financing, and Proliferation Financing.

The Assessments highlight the most significant illicit finance threats, vulnerabilities, and risks facing the United States.


Key findings from the Assessments include:

  • Money Laundering: The U.S continues to face risks related to: the misuse of legal entities, opaque real estate transactions, non-comprehensive AML/CFT coverage for certain sectors, particularly investment advisers, professionals who misuse their positions or businesses, and weaknesses in compliance or supervision at some regulated U.S. financial institutions.
  • Terrorist Financing: The U.S continues to face a wide range of terrorist financing threats and actors, both foreign and domestic. These include soliciting funds for or attempting to send funds to foreign terrorist groups utilizing cash and the recent proliferation of domestic violent extremist movements.
  • Proliferation Financing: Russia and the Democratic People’s Republic of Korea (DPRK) have presented heightened risk since the 2022 assessment was conducted.

Firms with operations in or involving the U.S should review the three National Risk Assessments as part of staying attuned to the risks to which they be vulnerable, and the appropriate action that may be taken in response.
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