FinCEN Issues Advisory on FATF-Identified Jurisdictions with AML/CFT Deficiencies
The Financial Crimes Enforcement Network (FinCEN) today issued an advisory to financial institutions based on the Financial Action Task Force’s (FATF) updated lists of jurisdictions with strategic anti-money laundering and counter-terrorist financing deficiencies. These changes may affect U.S. financial institutions’ obligations and risk-based approaches with respect to relevant jurisdictions. The advisory can be viewed at https://www.fincen.gov/statutes_regs/guidance/pdf/FIN-2013-A006.pdf.