Regulatory Alerts2003-07-01 | Advisory Withdrawal - Issue 27WAdded
Withdrawal of FinCEN Advisory Issue 27 Regarding Transactions Involving St. Vincent and the Grenadines
FinCEN Advisory Issue 27, which mandated enhanced scrutiny for transactions involving St. Vincent and the Grenadines, is hereby withdrawn. This action follows the jurisdiction's enactment of significant counter-money laundering reforms and its removal from the Financial Action Task Force's list of non-cooperative countries. While the enhanced scrutiny requirement is lifted, banks and other financial institutions remain obligated to report suspicious activity and comply with all other applicable laws.
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