February 2018

FinCEN Penalizes U.S. Bank National Association for Violations of Anti-Money Laundering Laws

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In the Matter of U.S. Bank National Association

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FinCEN Names ABLV Bank of Latvia an Institution of Primary Money Laundering Concern and Proposes Section 311 Special Measure

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Proposal of Special Measure against ABLV Bank, AS as a Financial Institution of Primary Money Laundering Concern

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Read more about FinCEN Advisory FIN-2018-A001

On November 3, 2017, the Financial Action Task Force (FATF) updated its list of jurisdictions with strategic anti-money laundering and combatting the financing of terrorism (AML/CFT) deficiencies. The changes may affect U.S. financial institutions’ obligations and risk-based approaches with respect to relevant jurisdictions.

FATF “Public Statement”: