The Financial Crimes Enforcement Network (FinCEN) has issued the first United States government-wide priorities for anti-money laundering and countering the financing of terrorism (AML/CFT) policy, known as the “The Priorities”.
The Priorities identify and describe the 8 most significant AML/CFT threats currently facing the United States.
The regulator has also issued two AML/CFT Priorities Statements to provide guidance to covered institutions on how to approach the Priorities.
Financial Institutions should take time to read the priorities and accompanying statements to enable them to prioritise compliance resources in light of future regulatory development.
AML/CTF/CPF
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