Treasury Department

The U.S. Department of the Treasury oversees financial systems, monetary policy, and federal finances while increasingly addressing AI governance through its regulatory frameworks for financial institutions. Treasury's Financial Crimes Enforcement Network (FinCEN) and banking regulators under its purview are developing guidance on AI use in anti-money laundering and know-your-customer compliance, making their policies critical for financial sector AI deployment. Understanding Treasury's evolving stance on AI risk management and algorithmic accountability is essential for enterprises in banking, insurance, and fintech that must balance innovation with regulatory expectations.

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Corporate PolicyGlobal2026-09-22

US-China AI Incident Notification Proposal Creates Cross-Border Reporting Gap

Treasury Secretary Scott Bessent announced that the US has proposed a bilateral notification mechanism for AI incidents that could affect national security. The proposal was raised in talks with Chinese Vice Premier He Lifeng ahead of a potential Trump-Xi summit. No formal agreement exists yet, but analysts say the proposal could set a precedent for enterprise AI incident reporting obligations.

US-China AI governance AI incident reporting national security bilateral AI risk cross-border compliance Treasury Department