FinCEN Updates List of AML/CFT Jurisdictions

The Financial Crimes Enforcement Network last week released a revised list of the jurisdictions that are subject to countermeasures or enhanced due diligence due to anti-money laundering and counter-terrorist financing deficiencies, as well as jurisdictions with AML/CFT deficiencies that are working to correct them.

Iran will remain on the list for enhanced due diligence, while North Korea will remain in the category requiring countermeasures, FinCEN said. Cambodia was added to the list of jurisdictions working to remedy AML/CFT deficiencies.