Today the Financial Crimes Enforcement Network (FinCEN) issued an advisory to financial institutions to draw attention to two lists of jurisdictions that were recently updated by the Financial Action Task Force (FATF).
In the first list, the FATF identifies jurisdictions that are subject to the FATF’s call for countermeasures or are subject to Enhanced Due Diligence due to their Anti-Money Laundering and Counter-Terrorist Financing deficiencies. The FATF called upon its members and urged all jurisdictions to impose countermeasures or to consider the risk arising from each jurisdiction due to a lack of sufficient progress in addressing Anti-Money Laundering and Counter-Terrorist Financing deficiencies.
In the second list, the FATF identifies jurisdictions that have Anti-Money Laundering and Counter-Terrorist Financing deficiencies.
