Golden Finance reported that Elizabeth Rosenberg, Assistant Secretary of the U.S. Treasury Department, said that the Treasury Department is strengthening its regulatory system and DeFi should plan for some compliance aspects. The U.S. Treasury Department conducted a risk assessment of decentralized finance (DeFi) and found that the sector falls short in several areas. That's according to an April report from the Treasury Department, which found that scammers, money launderers and North Korean hackers benefited from the industry's lack of anti-money laundering (AML) and countering the financing of terrorism (CFT) compliance. The report is part of the Treasury Department’s response to U.S. President Joe Biden’s executive order on the responsible development of digital assets. The report also found that DeFi is not always very decentralized. The assessment report determined that all DeFi services have responsibilities to comply with the Bank Secrecy Act, including anti-money laundering/countering terrorism. Rosenberg said it will assess the strengthening of domestic anti-money laundering/counter-terrorism regulatory regimes applicable to DeFi services and monitor responsible innovation in anti-money laundering/counter-terrorism and sanctions compliance tools.