Which bureau of the Treasury Department provides strategic analyses of money laundering developments?

The Bureau that provides strategic analyses of money laundering developments is FinCEN (Financial Crimes Enforcement Network). FinCEN's primary role within the Treasury Department is to analyze financial transactions, identify suspicious activities, and facilitate the sharing of information regarding financial crimes among various entities, including law enforcement and regulatory agencies. By issuing reports and conducting studies on trends in money laundering and other financial crimes, FinCEN helps shape policies and practices aimed at combatting money laundering.

In contrast, other entities listed serve different purposes: FATF (Financial Action Task Force) is an intergovernmental organization focused on combating money laundering and terrorist financing on a global scale but does not operate within the Treasury Department. The SEC (Securities and Exchange Commission) primarily oversees securities markets and regulates securities transactions rather than providing specific analyses related to money laundering. OFAC (Office of Foreign Assets Control) is responsible for enforcing economic and trade sanctions based on U.S. foreign policy and national security goals, which include aspects related to money laundering but are not focused on analyzing developments in the practice itself. Thus, FinCEN is the correct answer as it directly addresses the strategic analyses of money laundering developments.