FinCEN issues an advisory on AML/CFT deficiencies

On April 5, 2017, the Financial Crimes Enforcement Network (FinCEN) issued an advisory announcing that the Financial Action Task Force (FATF) had updated its list of jurisdictions with strategic Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) deficiencies. NFA Member FCMs and IBs should review this advisory to ensure that their AML programs have the most current information on FATF identified jurisdictions with AML/CFT deficiencies and revise their AML programs accordingly.

For more information, visit FinCEN’s website.