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US Treasury nominee pledges to 'encourage and incentivize' private sector

( September 3, 2025, 21:35 GMT | Official Statement) -- MLex Summary: Jonathan Burke, the nominee for US Assistant Treasury Secretary for Terrorist Financing, says the agency "should encourage and incentivize the private sector’s innovative capabilities." In the written text of testimony to be delivered to his confirmation hearing tomorrow before the Senate Banking Committee, the Citi compliance officer says, "Finance is now inseparable from technology, and innovation has given rise to complex financial supply chains where criminals and sanctioned parties can hide their identities, obscure the purpose of their business, send funds instantaneously, and quickly adapt." The government must identify new vulnerabilities in the financial ecosystem before they are exploited, Burke says.Document follows:...

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