PRETORIA—Following Secretary of the Treasury Janet L. Yellen’s commitment earlier this year to form a U.S.-South Africa Task Force on Combating the Financing of Wildlife Trafficking (Task Force), a delegation from the U.S. Department of the Treasury, led by the Financial Crimes Enforcement Network (FinCEN), traveled to South Africa for the first meeting of the Task Force.
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) is informing U.S financial institutions that the Financial Action Task Force (FATF), an intergovernmental body that establishes international standards for anti-money laundering, countering the financing of terrorism, and countering the financing of proliferation of weapons of mass destruction (AML/CFT/CPF), issued a public statement at the conclusion of its plenary meeting this month reiterating that all jurisdictions should be vigilant to current and emerging risks from the circumvention of measures taken against the Russian Fed
Today, the Financial Crimes Enforcement Network (FinCEN) and the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) are issuing a supplemental joint alert urging continued vigilance on the part of U.S. financial institutions for potential attempts by Russia to evade U.S. export controls.
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