On 30 June, a news release from FinCEN advised that it had issued the first government-wide priorities for AML/CFT policy, following consultation with other relevant US Treasury offices, as well as Federal and State regulators, law enforcement, and national security agencies. They identify and describe the most significant AML/CFT threats currently facing the US and, in no particular order, these include: corruption, cybercrime, domestic and international terrorist financing, fraud, transnational criminal organisations, drug trafficking organisations, human trafficking and human smuggling, and proliferation financing.  FinCEN has also issued 2 statements to provide guidance to covered institutions on how to approach the Priorities.

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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