The U.S. Department of the Treasury recently released the National Money Laundering Risk Assessment, the National Terrorist Financing Risk Assessment, and the National Proliferation Financing Risk Assessment reports. The money laundering report found that fraud, drug trafficking, cybercrime, human trafficking and smuggling, corruption, tariff evasion, and trafficking in illicit goods remain the most common threats, noting that the methods employed are becoming more sophisticated as they adapt to technological changes. Treasury noted that illicit actors leverage banks, money services businesses, digital assets, and AI tools to move illicit funds. The report identified vulnerabilities across sectors and noted that illicit actors often exploit regulatory gaps and complicit intermediaries to misuse products such as prepaid cards, money orders, stablecoins, and peer-to-peer payment platforms, among others.

The terrorist financing report stated that violent extremists are increasing priorities alongside long-established threats from ISIS, Al-Qaida, Hamas, and Hizballah. The report highlighted that, in January 2025, the government designated 15 international drug cartels and transnational criminal organizations as foreign terrorist organizations. The proliferation financing report stated that the U.S. faces elevated risk because of its economic scale, the global role of the dollar, and because its industrial base produces sensitive dual-use goods. It identified North Korea, Iran, and Russia as primary threats, with the report noting that Chinese actors are increasingly involved in sanctions evasion. The reports encourage the public and private sectors to be innovative in combating the threats discussed in the risk assessments.