The Financial Action Task Force updated its list of jurisdictions with strategic AML/CFT and counter-proliferation deficiencies.
FinCEN renewed its Geographic Targeting Orders requiring U.S. title insurance companies to collect and report beneficial ownership information for certain residential real estate purchases.
The Federal Reserve Board, the FDIC, FinCEN, the NCUA and the OCC reminded banks to apply a risk-based approach when assessing customer relationships and conducting customer due diligence on anti-money laundering risks.
FinCEN notified U.S. financial institutions that the Financial Action Task Force updated its list of jurisdictions with strategic deficiencies in their AML/CFT regimes.
FinCEN issued an advance notice of proposed rulemaking "on the possibility of FinCEN establishing a "no-action letter process" under the Anti-Money Laundering Act of 2020.