U.S. Developments
Regulatory Updates
FinCEN Issues Advisory on FATF’s Updated Recommendations
On October 31, FinCEN published an advisory on the international Financial Action Task Force’s (FATF’s) updated list of jurisdictions with serious regulatory deficiencies in anti-money laundering and combatting the financing of terrorism (AML/CFT). The advisory focused on North Korea (DPRK) and Iran, and FinCEN reminded financial institutions of their obligations when dealing with those jurisdictions.
Continue Reading Fintech Week in Review: Week of October 29 – November 2