FinCEN advises banks to follow AML/CFT guidance  

The Financial Crimes Enforcement Network advised banks to follow the Financial Action Task Force’s updated lists of countries with strategic deficiencies in anti-money laundering, terrorist financing, and proliferation financing.  

Details: The FATF recently:  

• Removed Burkina Faso, Mozambique, Nigeria, and South Africa from its list of jurisdictions under increased monitoring. 

• Said North Korea, Iran, and Burma will remain on its list of high-risk jurisdictions.