Introductory BSA AML Examiner School Manual Palm Springs 2019

Country Advisories and Economic and Trade Sanction Lists

FinCEN Advisories FinCEN has issued country advisories urging enhanced scrutiny of financial transactions with countries that had deficient anti-money laundering controls. Advisories can be viewed at: www.fincen.gov under Publications/ Advisories . Office of Foreign Assets Control (OFAC) List The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issues the Specially Designated Nationals and Blocked Entities List (SDN List). OFAC regulations require businesses to identify and freeze the assets of targeted countries, terrorists, drug cartels and other specially designated persons. For these lists and specific instructions regarding what businesses may or may not do under OFAC regulations, refer to the OFAC website at: www.treas.gov/offices/enforcement/ofac/ .

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