Print Article

2024 US National Strategy for Combatting Terrorist and Other Illicit Financing


The U.S. Department of the Treasury yesterday unveiled the 2024 National Strategy for Combatting Terrorist and Other Illicit Financing.

This comprehensive blueprint outlines the U.S. government's approach to disrupt and prevent illicit financial activities that threaten national security and economic stability.

The 2024 Strategy responds to findings from the latest National Risk Assessments and builds on recent reforms aimed at modernising anti-money laundering and countering financing of terrorism (AML/CFT) frameworks.

It highlights four priority areas including.

  • Closing regulatory loopholes,
  • Enhancing a risk-focused regulatory framework,
  • Boosting operational effectiveness, and
  • Embracing technological innovation to counter illicit finance threats.

Key threats include

  • Large-scale fraud,
  • Ransomware, and
  • Terrorist financing by groups like Hamas and state actors like Russia.

Under Secretary Brian E. Nelson emphasized the importance of closing pathways exploited by illicit actors, stating,

  • "We need to continue to close the pathways that illicit actors seek to exploit for their schemes."

The strategy details 15 supporting actions, with significant emphasis on

  • Operationalizing beneficial ownership information and
  • Developing new technologies to improve compliance and enforcement.



The Team

Meet the team of industry experts behind Comsure

Find out more

Latest News

Keep up to date with the very latest news from Comsure

Find out more


View our latest imagery from our news and work

Find out more


Think we can help you and your business? Chat to us today

Get In Touch

News Disclaimer

As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email