Regulatory Alerts2011-07-13 | FinCEN Advisory – FIN-2011-A011Added
Guidance to Financial Institutions Based on the Financial Action Task Force Publication on Anti-Money Laundering and Counter-Terrorist Financing Risks (FinCEN Advisory – FIN-2011-A011)
FinCEN informs banks and other financial institutions operating in the United States of money laundering and financing of terrorism risks associated with jurisdictions identified by the Financial Action Task Force as having strategic deficiencies in their anti-money laundering and counter-terrorist financing regimes. The advisory lists Angola, Antigua and Barbuda, Argentina, Bangladesh, Brunei Darussalam, Cambodia, Ecuador, Ghana, Honduras, Indonesia, Mongolia, Morocco, Namibia, Nepal, Nicaragua, Nigeria, Pakistan, Paraguay, Philippines, São Tomé and Príncipe, Sudan, Tajikistan, Tanzania, Thailand, Trinidad and Tobago, Turkmenistan, Ukraine, Venezuela, Vietnam, Yemen, and Zimbabwe. It also notes substantial improvements in Greece, which has been removed from the FATF monitoring process, and adds Cambodia, Brunei Darussalam, Namibia, Nicaragua, Mongolia, Tajikistan, and Zimbabwe to the list of jurisdictions with strategic deficiencies.