Regulatory Alerts2003-04-01 | Advisory Withdrawal - Issue 16WAdded
Transactions Involving Dominica (Advisory Withdrawal - Issue 16W)
FinCEN withdraws Advisory Issue 16, which previously required enhanced scrutiny of transactions involving the Commonwealth of Dominica. This withdrawal follows Dominica's enactment of significant counter-money laundering reforms and its removal from the Financial Action Task Force's list of non-cooperative jurisdictions. The action relieves institutions of the specific enhanced scrutiny obligations from the prior advisory but does not affect existing legal requirements to report suspicious activity or comply with other applicable laws.
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