Regulatory Alerts2002-07-01 | Advisory Withdrawal - Issue 26AAdded
Transactions Involving St. Kitts & Nevis (Advisory Withdrawal - Issue 26A)
The Financial Crimes Enforcement Network withdraws Advisory Issue 26 regarding the Federation of St. Kitts and Nevis, eliminating the requirement for enhanced scrutiny of transactions involving that jurisdiction. This action follows St. Kitts and Nevis's enactment of significant counter-money laundering reforms and its removal from the Financial Action Task Force's list of non-cooperative countries. The withdrawal does not relieve banks and other financial institutions of their pre-existing obligations to report suspicious activity or comply with all other applicable laws.
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