The Financial Crimes Enforcement Network's ("FinCEN") Financial Action Task Force ("FATF") updated its list of jurisdictions with strategic anti-money laundering and combating the financing of terrorism ("AML/CFT") deficiencies. In an Advisory, FinCEN warned U.S. financial institutions that the list may affect their risk-based due diligence obligations concerning the affected jurisdictions.
Cambodia was added to the list of jurisdictions identified as having strategic AML/CFT deficiencies. Other countries on the list include the Bahamas, Botswana, Ethiopia, Ghana, Pakistan, Serbia, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, and Yemen.
The Financial Crimes Enforcement Network issued an Advisory on jurisdictions with strategic anti-money laundering and combatting the financing of terrorism deficiencies.