NEWS

FATF updated its list for of jurisdictions with strategic AML/CFT deficiencies


On September 15, 2017, the United State Department of Treasury's Financial Crimes Enforcement Network (FinCEN) has issued Advisory on financial institutions with regard to the Financial Action Task Force’s (FATF) - Identified Jurisdictions with AML/CFT Deficiencies.

FinCEN has updated its list of jurisdictions:

1. Jurisdictions subject to a FATF call on its members and other jurisdictions to apply counter-measures to protect the international financial system from the on-going and substantial money laundering and terrorist financing (ML/FT) risks emanating from:

  • Democratic People’s Republic of Korea (DPRK) and Iran

2. FATF “Improving Global AML/CFT Compliance: On-going Process”:

  • Bosnia and Herzegovina, Ethiopia, Iraq, Syria, Uganda, Vanuatu, and Yemen

For complete information, click here.

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