Regulatory Alerts2010-11-18 | FinCEN Advisory – FIN-2010-A013Added
Guidance to Financial Institutions Based on the Financial Action Task Force Publication on Anti-Money Laundering and Counter-Terrorist Financing Risks (FinCEN Advisory – FIN-2010-A013)
FinCEN informs banks and other financial institutions operating in the United States of the risks associated with jurisdictions identified by the Financial Action Task Force (FATF) as having strategic deficiencies in their anti-money laundering and counter-terrorist financing regimes. The advisory lists Angola, Antigua and Barbuda, Bangladesh, Bolivia, Ecuador, Ethiopia, Ghana, Greece, Honduras, Indonesia, Kenya, Morocco, Burma (Myanmar), Nepal, Nigeria, Pakistan, Paraguay, Philippines, São Tomé and Príncipe, Sri Lanka, Sudan, Syria, Tanzania, Thailand, Trinidad and Tobago, Turkey, Turkmenistan, Ukraine, Venezuela, Vietnam, and Yemen. It notes that São Tomé and Príncipe was added, while Qatar and Azerbaijan were removed from the monitoring process following substantial improvements.