; and (bb) do not diminish the usefulness of the reporting to Federal law enforcement agencies and the intelligence community in combating financial crime, including the financing of terrorism; (II) subject to clause (ii), permit bulk data reporting for such categories of reports and establish the conditions under which bulk data reporting is permitted; and (III) establish additional systems and processes that allow for such reporting. (ii) Standards The Secretary of the Treasury— (I) in carrying out clause (i), shall establish standards to ensure that bulk data reports relate to suspicious transactions relevant to potential violations of law or regulation; and (II) in establishing the standards under subclause (I), may consider transactions designed to evade any regulation promulgated under this subchapter, certain fund and asset transfers with no apparent economic, business, or lawful purpose, and any other transaction that the Secretary determines to be appropriate. (iii) Rule of construction Nothing in this subparagraph may be construed as precluding the Secretary of the Treasury from requiring reporting as provided for in subparagraphs (A) and (B) or notifying Federal law enforcement with respect to any transaction that the Secretary has determined directly implicates a national priority established by the Secretary. (6) AML technology rulemaking The Secretary of the Treasury shall, in consultation with appropriate representatives of State bank supervisors and Federal functional regulators (as defined in section 509 of the Gramm-Leach-Bliley Act ( 15 U.S.C. 6809 )), promulgate regulations to— (A) specify an optional regime whereby a financial institution may submit for approval by the Financial Crimes Enforcement Network, in consultation with the Federal banking agencies, a tailored comprehensive approach to monitoring transactions for the recordkeeping and reporting requirements established by this subchapter and other relevant laws