With the increasing prevalence and use of AI throughout the financial sector, Treasury is committed to provide information to the public not just on AI security and best practices in the financial sector, but also related to Treasury’s own use of AI. This site serves as a repository of that information.
Below you will find information on Treasury-developed and supported reports, AI use cases within Treasury, and press releases and news items related to Treasury’s use of and views on AI in the financial services sector.
REPORTS AND PUBLICATIONS
Treasury understands the need to provide information to the financial services sector on the opportunities and challenges that may arise from AI use. The documents below provide an overview of some of the work Treasury is doing to address AI use, to include Treasury’s report on Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector, as well as Treasury’s Plan for Consistency with M-24-10.
Department of the Treasury’s Compliance Plan for OMB Memoranda M-24-10
Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector
Artificial Intelligence in Financial Services
AI USE CASE INVENTORY
Treasury 2024 AI Use Case Inventory
Treasury 2023 AI Use Case Inventory
Treasury 2022 AI Use Case Inventory
PRESS RELEASES AND NEWS
Treasury Releases Report on the Uses, Opportunities, and Risks of Artificial Intelligence in Financial Services (December 19, 2024)
FinCEN Issues Alert on Fraud Schemes Involving Deepfake Media Targeting Financial Institutions | FinCEN.gov (November 13, 2024)
Remarks by Acting Assistant Secretary of Financial Institutions Laurie Schaffer at the Electronic Transaction Association’s Annual Fintech Policy Forum (September 26, 2024)
FSOC and the Brookings Institution Host a Conference on Artificial Intelligence and Financial Stability (June 6, 2024)
Remarks by Under Secretary for Domestic Finance Nellie Liang on Artificial Intelligence in Finance (May 22, 2024)
U.S. Department of the Treasury Releases Report on Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Sector (March 27, 2024)
Resources
Framework to Advance AI Governance and Risk Management in National Security
OMB M-24-18 Advancing the Responsible Acquisition of Artificial Intelligence in Government
EO 14110 Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence
EO 13960 Promoting the Use of Trustworthy Artificial Intelligence in the Federal Government