NFA Tells FCMs/IBs to Keep AML Programs Current
NFA notified futures commission merchants and introducing brokers of the Financial Action Task Force's ("FATF") adoption of a report on crowdfunding techniques used by terrorist groups to raise money for attacks.
In the Notice, NFA also highlighted that FATF, the "intergovernmental body that establishes international standards for anti-money laundering, countering the financing of terrorism, and countering the financing of proliferation of weapons of mass destruction (AML/CFT/CPF)," urged vigilance on risks associated with the "circumvention of measures taken against the Russian Federation."
NFA advised its members to update their AML programs with the most current information on FATF-identified jurisdictions with AML/CFT deficiencies.
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