FinCEN Issues Advisory on the FATF-Identified Jurisdictions with AML/CFT Deficiencies
January 19, 2017 / Source: FinCEN
The Financial Crimes Enforcement Network (FinCEN) today issued an advisory to financial institutions regarding the Financial Action Task Force’s (FATF) updated list of jurisdictions with strategic anti-money laundering/counter-terrorist financing (AML/CFT) deficiencies. These changes may affect U.S. financial institutions’ obligations and risk-based approaches regarding relevant jurisdictions. FinCEN’s advisory can be viewed at https://www.fincen.gov/sites/default/files/advisory/2017-01-18/FinCEN%20FATF%20Advisory%20Jan%202017-508%20Compliant_0.pdf.