US: FinCEN ISSUES FIRST NATIONAL AML/CFT PRIORITIES AND ACCOMPANYING STATEMENTS

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.  

https://www.fincen.gov/news/news-releases/fincen-issues-first-national-amlcft-priorities-and-accompanying-statements

https://www.fincen.gov/sites/default/files/shared/AML_CFT%20Priorities%20(June%2030%2C%202021).pdf

https://www.fincen.gov/sites/default/files/shared/Statement%20for%20Banks%20(June%2030%2C%202021).pdf

https://www.fincen.gov/sites/default/files/shared/Statement%20for%20Non-Bank%20Financial%20Institutions%20(June%2030%2C%202021).pdf

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page, where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s