April 5, 2017: FinCEN issues advisory on FATF Deficient Jurisdictions

Last Wednesday, FinCEN issued a 6-page advisory based on FATF’s latest list of deficient jurisdictions. North Korea is still subject to countermeasures, while Iran is subject to EDD requirements. Other jurisdictions with AML/CFT deficiencies are Bosnia and Herzegovina, Afghanistan, Lao PDR (aka Laos), Ethiopia, Iraq, Syria, Uganda, Vanuatu and Yemen, Ethiopia being newly added to this list. The remainder of the advisory focuses on the obligations for US financial firms relative to the DPRK and Iran.

Link:

FinCEN Advisory

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