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Clifford Chance

Briefings

FinCEN Cautions Financial Institutions on North Korea, Iran & Jurisdictions Exhibiting Strategic AML and Terrorist Financing Deficiencies

13 March 2019

The US Financial Crimes Enforcement Network's
first "Advisory" of 2019 highlights restrictions on business
activity with North Korea and Iran, and notes other jurisdictions
with strategic AML and terrorism financing deficiencies. The
FinCEN Advisory follows recent publications by the Financial
Action Task Force on similar issues. US financial
institutions should review the Advisory to ensure compliance with
their AML, combating the financing of terrorism, and
sanctions obligations.

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FinCEN Cautions Financial Institutions on North Korea, Iran & Jurisdictions Exhibiting Strategic AML and Terrorist Financing Deficiencies

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