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02.01.17

FinCEN Updates FATF-Identified Jurisdictions with AML/CFT Deficiencies

On Jan. 19, FinCEN issued an advisory updating the list of jurisdictions identified by the Financial Action Task Force (FATF) with strategic AML/CFT deficiencies. The FATF advisory update has removed Guyana from the list, due to its significant progress in establishing the legal and regulatory framework to address all or nearly all of its strategic AML/CFT deficiencies on a technical level.

U.S. financial institutions should review the updated list of jurisdictions identified by FATF as it may impact their obligations and risk-based procedures with respect to those identified jurisdictions.

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