Regulatory Alerts2005-04-01 | Advisory Withdrawal - Issue 15WAdded
Transactions Involving The Cook Islands (Advisory Withdrawal - Issue 15W)
The Financial Crimes Enforcement Network withdraws Advisory Issue 15 regarding transactions involving the Cook Islands. This withdrawal reflects the enactment of significant counter-money laundering reforms and the Cook Islands' removal from the Financial Action Task Force's list of non-cooperative jurisdictions. Enhanced scrutiny previously required by Advisory 15 is no longer necessary, although institutions remain obligated to report suspicious activity and comply with all other applicable laws.
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