Regulatory Alerts2019-03-08
Added · Updated
Advisory on the Financial Action Task Force-Identified Jurisdictions with Anti-Money Laundering and Combatting the Financing of Terrorism Deficiencies
The Financial Crimes Enforcement Network issued this advisory to inform financial institutions of the Financial Action Task Force's February 2019 updates to its list of jurisdictions with strategic anti-money laundering and counter-terrorist financing deficiencies. The document details specific obligations for the Democratic People's Republic of Korea and Iran, including calls for countermeasures and enhanced due diligence, while also listing other jurisdictions under ongoing monitoring. It further reviews relevant United Nations Security Council resolutions and U.S. sanctions programs administered by the Office of Foreign Assets Control that restrict financial transactions with these targeted nations.