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ABA: The American Bankers Association
Compliance News

FinCEN Updates List of AML/CFT Jurisdictions

The Financial Crimes Enforcement Network released a revised list of the jurisdictions that are subject to countermeasures or enhanced due diligence due to anti-money laundering and counter-terrorist financing deficiencies, as well as jurisdictions with AML/CFT deficiencies that are working to correct them.

Iran and North Korea will remain in the category requiring countermeasures, FinCEN said. Zimbabwe was removed from the list of jurisdictions under increased monitoring and the United Arab Emirates was added to the list.