The strategy recommends policy options for combatting de-risking, including:
- Reviewing firms’ AML/CTF examination practices;
- Improving AML/CTF programmes and implementing risk-based approaches;
- Improving international cooperation to raise AML/CTF compliance;
- Explore the potential for emerging technological solutions;
- Modernising U.S sanctions programmes; and
- Furthering public-private sector engagement in areas including AML/CTF regulatory obligations and compliance practices.
Firms operating with or in the United States should review the Treasury’s de-risking priorities for the year ahead.