; and (ii) by inserting and combating the financing of terrorism after anti-money laundering ; (B) in paragraph (2)— (i) by striking The Secretary and inserting the following: (A) In general The Secretary ; and (ii) by adding at the end the following: (B) Factors In establishing rules, regulations and guidance under subparagraph (A), and in supervising and examining compliance with those rules, the Secretary of the Treasury, and the Federal functional regulators (as defined in section 509 of the Gramm-Leach-Bliley Act ( 12 U.S.C. 6809 )) shall take into account the following: (i) Financial institutions are spending private dollars for a public and private benefit. (ii) The extension of financial services to the underbanked in the United States and abroad is a policy goal of the United States. (iii) Effective anti-money-laundering and combating-the-financing-of-terrorism programs generate significant public benefits by preventing the flow of illicit funds in the financial system and by assisting law enforcement with the identification and prosecution of persons attempting to launder money and other illicit activity through the financial system. (iv) Anti-money-laundering and combating-the-financing-of-terrorism programs described in paragraph (1) should be reasonably designed to assure and monitor compliance with the requirements of this subchapter and regulations issued hereunder, which should be risk based, including that more financial institution attention and resources should be directed toward higher risk customers and activities, consistent with the risk profile of a financial institution, rather than lower risk customers and activities.