The 2020 National AML & CFT Strategy

The 2020 National Strategy for Combating Terrorist and Other Illicit Financing (“2020 Strategy”) was released in February 2020 by the U.S. Department of the Treasury (“Treasury”). The 2020 Strategy builds on the 2018 National Strategy for Combating Terrorist and Other Illicit Financing (2018 Strategy) and its three supporting national risk assessments on money laundering, terrorist financing, and proliferation financing. The 2020 Strategy thoroughly outlines the key priorities for the United States’ Anti-Money Laundering and Countering the Financing of Terrorism (“AML/CFT”) Regime, and it outlines a road map of how the Treasury will stay ahead of illicit finance threats. Prepared by the Office of Terrorist Financing and Financial Crimes, in consultation with regulators and law enforcement, such as the U.S. Securities and Exchange Commission (“SEC”) and the U.S. Department of Homeland Security (“DHS”), the 2020 Strategy will assist financial services organizations in identifying areas