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FinCEN updates AML/CTF deficiencies list


On 12 November 2019 the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an advisory to inform financial institutions that the Financial Action Task Force (FATF) has updated its list of jurisdictions with “strategic anti-money laundering and combating the financing of terrorism (AML/CFT) deficiencies.” Iceland, Mongolia, and Zimbabwe have been added to the FATF Improving Global AML/CFT Compliance list, while Ethiopia, Sri Lanka, and Tunisia have been removed. For further details on the list and recommended actions, please read the FinCEN advisory.

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