The Financial Action Task Force outlined the findings from recent anti-money laundering / countering the financing of terrorism country-specific evaluations and warned of risks associated with stablecoins.
In a new advisory, the Financial Crimes Enforcement Network reminded financial institutions of recent changes to the lists of jurisdictions with strategic anti-money laundering and combating the financing of terrorism deficiencies.
The NFA urged futures commission merchants and independent brokers to revise their anti-money laundering programs to reflect the most current information on jurisdictions with strategic deficiencies identified by the Financial Action Task Force.
FinCEN issued an Advisory regarding changes to the Financial Action Task Force's ("FATF") lists of jurisdictions with strategic Anti-Money Laundering and Counter-Terrorist Financing ("AML/CFT") deficiencies. These changes affect the due diligence obligations of U.S. financial institutions. First,...
Request delivery of the Cadwalader Cabinet Newsletter.