The Treasury's Financial Crimes Enforcement Network (FinCEN) issued a release describing changes finalized at the FATF plenary meeting in Paris February 21.
After an extensive public consultation, the Plenary agreed changes to the FATF Standards to better support a risk-based approach and financial inclusion, a key priority under the Mexican Presidency.
It also finalised important work on combating financial flows related to online child sexual exploitation, with a report approved for publication next month, aiming to protect children from harm.
The Treasury announcement focussed on the monitoring of high-risk jurisdictions in particular DPRK, Burmese and Iranian transactions.
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