FinCEN Advisories

by Mary Beth Guard

Several Advisories were recently issued under the Bank Secrecy Act by FinCEN. The new advisories withdraw former FinCEN Advisory 13, 14, 19 and 23 relating to the Commonwealth of the Bahamas, Cayman Islands, Liechtenstein, and Republic of Panama. This is being done because each of these countries has enacted significant reforms to its counter-money laundering system, addressing the points noted in previous Advisories, and has taken concrete steps to bring these reforms into effect.

Bahamas
Cayman Islands
Liechenstein
Panama

Originally appeared in the Oklahoma Bankers Association Compliance Informer.

First published on BankersOnline.com 10/ /01