Regulatory Alerts2001-06-01 | Advisory Withdrawal - Issue 14AAdded
Transactions Involving The Cayman Islands (Advisory Withdrawal - Issue 14A)
FinCEN Advisory 14 regarding the Cayman Islands is hereby withdrawn because the jurisdiction has enacted significant counter-money laundering reforms and met international standards. Consequently, the enhanced scrutiny for transactions involving the Cayman Islands previously required by Advisory 14 is no longer necessary. This withdrawal does not relieve banks and other financial institutions operating in the United States of their ongoing obligations to report suspicious activity or comply with applicable laws.
Topics
Share