An updated list of jurisdictions with strategic anti-money laundering/counter-terrorist financing (AML/CFT) deficiencies, compiled by the Financial Action Task Force (FATF), was circulated in an advisory Friday by the Financial Crimes Enforcement Network (FinCEN). The updates were made in February and, FinCEN notes, may affect U.S. financial institutions’ obligations and risk-based approaches regarding relevant jurisdictions.
FinCEN Advisory – FATF-Identified Jurisdications with AML/CTF Deficiencies