FinCEN Issues Advisory on the FATF-Identified Jurisdictions with AML/CFT Deficiencies

The Financial Crimes Enforcement Network has issued an advisory to financial institutions regarding the Financial Action Task Force’s 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.

Read the full advisory.