Today, the Financial Crimes Enforcement Network (US Department of The Treasury) issued an advisory ([FIN-2016-A002]( on last month’s updated FATF lists.

As part of the FATF’s listing and monitoring process to ensure compliance with the international Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) standards, the FATF identifies certain jurisdictions as having strategic deficiencies in their AML/CFT regimes.

These jurisdictions appear in two documents: (I) jurisdictions that are subject to the FATF’s call for countermeasures or are subject to Enhanced Due Diligence (EDD) due to their AML/CFT deficiencies (referred to by the FATF as the “[FATF Public Statement](”) and (II) jurisdictions identified by the FATF to have AML/CFT deficiencies (referred to by the FATF as “[Improving Global AML/CFT Compliance: On-going Process](”).

The FATF has updated both of these documents. FinCEN notes that financial institutions should consider these changes when reviewing their enhanced due diligence obligations and risk-based policies, procedures, and practices with respect to the jurisdictions listed.