FinCEN Issues Advisory on the FATF-Identified Jurisdictions with AML/CFT Deficiencies
March 26, 2020 / Source: FinCEN
FinCEN Issues Advisory on the FATF-Identified Jurisdictions with AML/CFT Deficiencies
The Financial Crimes Enforcement Network (FinCEN) has issued an advisory to financial institutions regarding the Financial Action Task Force’s (FATF) updated list of jurisdictions with strategic anti-money laundering and combating the financing of terrorism (AML/CFT) deficiencies. These changes may affect U.S. financial institutions’ obligations and risk-based approaches regarding relevant jurisdictions. The advisory also reminds financial institutions of the status and obligations involving these jurisdictions.
Advisory: https://www.fincen.gov/resources/advisories/fincen-advisory-fin-2020-a001