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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 deficiencies in their anti-money laundering and combating of terrorist financing efforts, 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. Meanwhile, FinCEN has made initial determinations that Iceland and Mongolia have substantially completed their action plans but will remain on the list until the Financial Action Task Force can conduct on-site visits to each country.