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.
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,...
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