Digital Asset Market Clarity Act

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(b) GAO Bank study Secrecy Act requirements . (1) In general Regulations . The Comptroller Secretary General of the Treasury, acting through the Director of the United Financial States Crimes Enforcement Network , and in consultation with Commodity Futures Trading Commission, shall issue requirements consistent with the Secretary requirements of futures commission merchants to apply the Treasury Bank Secrecy Act to digital commodity brokers , shall digital conduct commodity a dealers, study and digital commodity exchanges that are tailored to the size and complexity of such entities, including by requiring each such entity to — (A) assess establish the and risks maintain posed an by anti-money centralized laundering intermediaries and that countering are the primarily financing located of in terrorism foreign program, jurisdictions which that shall provide include— services (i) to an U.S. appropriate persons risk without assessment; regulatory (ii) requirements the that development are of substantially internal similar policies, to procedures, and controls; (iii) the requirements designation of the a Bank compliance Secrecy officer; Act (iv) an ongoing employee training program ; and ( B v ) provide an any independent regulatory audit or function legislative to recommendations test to such address program; these (B) risks retain under appropriate subparagraph records (A). of transactions; ( 2 C ) Report. monitor Not and later report than suspicious 1 activity, year which after may the include date use of enactment appropriate of distributed this ledger Act, analytics; the and Comptroller (D) General maintain shall an issue effective a customer report identification program to Congress identify containing and verify account holders and carry out appropriate customer due diligence. (2) Compliance with sanctions. A digital commodity broker, digital commodity dealer, or digital commodity exchange shall comply with all findings laws and determinations regulations made related in to carrying United out States sanctions administered by the study Office required of under Foreign paragraph Assets (1). Control.