The terrorist attacks on September 11th, 2001 changed the AML regulations provided by the Bank Secrecy Act of 1970 into the sophisticated AML/CFT regulations we know today. Today, following the January 6th, 2021 attack on the U.S. Capitol, domestic terrorism has become a priority for AML/CFT regulatory legislation and compliance.
According to a Bloomberg Law article published on July 27th, 2021, the 2020 National Strategy for Combating Terrorist and Other Illicit Financing identified domestic terrorist activity as an increasingly pertinent threat. Following the attack on the U.S. Capitol on January 6th, 2021, the White House and the National Security Council brought forth the National Strategy for Countering Domestic Terrorism on June 15th, 2021. The goals of the strategy consist of the Treasury Department, "enhancing engagement with financial institutions on domestic terrorist financing, including through existing provisions of the Bank Secrecy Act." (Strategic Goal 1.3).
On June 30th, 2021, FinCEN brought forth its AML/CFT National Priorities, discussing domestic and international terrorism equally, and stated domestic terrorist financing to be a key priority for BSA regulation and compliance. The National Priorities specifically referencing the threat of domestic violent extremists.
For the full article, see the link below.
According to an article published by the Guardian on April 10th 2021, the Proud Boys and other far-right groups raised millions via a Christian funding site. GiveSendGo is a crowdfunding Christian site where millions of dollars have been raised for far-right causes and groups. A data breach identified high-dollar donors to far-right actors who had previously enjoyed anonymity. Some important beneficiaries have been member of the Proud Boys, many of whose fundraising efforts directly affected the January 6th attack on the U.S. Capitol.
For the full article, see the link below.
https://www.theguardian.com/world/2021/apr/10/proud-boys-far-right-givesendgo-christian-fundraising-site