 Initiative Number: 2.5.5 Initiative Title: Support other countries' efforts to adopt and implement the global anti-money laundering/countering the financing of terrorism (AML/CFT) standards for virtual asset service providers Initiative Description The Department of the Treasury will lead government stakeholders, including DOJ, State, and other interagency participants, and will work with international partners bilaterally and through the Treasury-led delegation to the Financial Action Task Force (FATF) to accelerate global adoption and implementation of anti-money laundering and countering the financing of terrorism (AML/CFT) standards and supervision for virtual asset service providers, including disrupting providers that enable laundering of ransomware payments. The U.S. will continue to draft and contribute to Recommendation 15-related publications, including planned materials for publication in early and mid-2024. This includes providing technical assistance to low-capacity countries and encouraging other FATF members to provide similar support. NCS Reference …the United States will support implementation of international AML/CFT standards to mitigate the use of cryptocurrencies for illicit activities… Responsible Agency: Treasury Contributing Entities: DOJ, State, USSS, NSC Completion Date: 4Q FY24 28 NATIONAL CYBERSECURITY STRATEGY IMPLEMENTATION PLAN