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FinCEN advisory: updated FATF list highlights jurisdictions with AML/CTF deficiencies


On 8 March 2019 the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an advisory (FIN-2019-A001) to financial institutions regarding an updated list of jurisdictions with deficiencies in anti-money laundering and counter-terrorism financing (AML/CTF) strategies. This list was made on 22 February 2019 by the Financial Action Task Force (FATF). FinCEN states in the advisory that financial institutions “should be aware of these changes, which may affect their obligations and risk-based approaches with respect to these jurisdictions.”

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