Compliance Blog

I received a great email the other day from one of my compliance colleagues.  She shared with me the following resources that can help you identify high-risk jurisdictions:

1)      Countries subject to OFAC sanctions, including state sponsors of terrorism.

2)      Countries identified as supporting international terrorism under section 6(j) of the Export Administration Act of 1979, as determined by the Secretary of State.

3)     Jurisdictions determined to be "of primary money laundering concern" by the Secretary of the Treasury, and jurisdictions subject to special measures imposed by the Secretary of the Treasury, through FinCEN, pursuant to section 311 of the Patriot Act.

4)      Jurisdictions or countries identified as non-cooperative by the Financial Action Task Force on Money Laundering (FATF).

5)      Major money laundering countries and jurisdictions identified in the U.S. Department of State's annual International Narcotics Control Strategy Report (INCSR), in particular, countries which are identified as jurisdictions of primary concern.

6)   Offshore financial centers (OFCs) as identified by the U.S. Department of State.
    

Enjoy, enjoy!  (Note, you may need to poke around these websites a bit to find all that you need.  But they seem to be treasure troves of anti-money laundering information!)