Regulatory Alerts2004-04-01 | Advisory Withdrawal - Issue 29WAdded
Transactions Involving Ukraine (Advisory Withdrawal - Issue 29W)
FinCEN Advisory Issue 29 regarding Ukraine is withdrawn because Ukraine has enacted significant counter-money laundering reforms and was removed from the Financial Action Task Force list of non-cooperative countries. Consequently, the enhanced scrutiny for transactions involving Ukraine previously required by Advisory 29 is no longer necessary. This withdrawal does not relieve banks and other financial institutions of their ongoing obligations to report suspicious activity or comply with other applicable laws.
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