US Treasury Department

US Treasury Warns of AI Dangers in the Financial Sector
US Treasury Warns of AI Dangers in the Financial Sector
March 27, 2024  |  artificial intelligence

The Treasury Department is sounding the alarm on cybersecurity risks posed by the growing use of artificial intelligence (AI) within the financial services sector.  A new...

READ MORE >
Treasury Department to Propose Beneficial Ownership Reporting Rules for Real Estate
Treasury Department to Propose Beneficial Ownership Reporting Rules for Real Estate
August 10, 2023  |  Regulation

Title insurers and others may soon be required to report the identities of the beneficial owners of companies that pay cash for real estate. The U.S....

READ MORE >
Treasury Department Says DeFi Services Must Improve AML/CFT Controls
Treasury Department Says DeFi Services Must Improve AML/CFT Controls
April 06, 2023  |  Security & Fraud

Vulnerabilities in decentralized finance (DeFi) are enabling criminals to transfer and launder illicit proceeds. Both providers of DeFi services and the United States government can...

READ MORE >
Bad News for Fraudsters as US Boosts Crypto-Crime Toolkit
Bad News for Fraudsters as US Boosts Crypto-Crime Toolkit
January 30, 2023  |  Regulation

The U.S. Treasury Department is flexing its cryptocurrency enforcement muscles as industry attention grows. The turbulent crypto sector has historically suffered from the perception that...

READ MORE >
Treasury Official: No Hurry for US to Adopt Digital Dollar
Treasury Official: No Hurry for US to Adopt Digital Dollar
December 21, 2022  |  CBDC

A leading U.S. Treasury official says the digital dollar could still be years away. U.S. regulators must first determine whether a central bank digital currency...

READ MORE >
Kraken, US Treasury Settle Case Over Crypto Service in Iran
Kraken, US Treasury Settle Case Over Crypto Service in Iran
November 28, 2022  |  Cryptocurrency

The U.S. Treasury Department has officially reached a settlement with crypto exchange Kraken over alleged transactions in Iran. In a statement released by the Treasury’s...

READ MORE >
US Takes Indirect Aim at Anonymity-Focused Crypto Coins
US Takes Indirect Aim at Anonymity-Focused Crypto Coins
September 19, 2022  |  Cryptocurrency

The most notable thing about the cryptocurrency exchange Huobi’s decision to delist seven anonymity-focused “privacy coins” beginning Monday (Sept. 19) is that it comes just...

READ MORE >