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5/12/2020 Treasury Department Statement on Financial Action Task Force Identifications U.S. DEPARTMENT OF THE TREASURY Press Center Treasury Department Statement on Financial Action Task Force Identifications 2/19/2010 TG-554 WASHINGTON – This week, the Financial Action Task Force (FATF), the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT) , identified eight countries that have strategic AML/CFT deficiencies. The U.S. Treasury Department released the following statement in response to the FATF's identifications. "The U.S. Treasury Department welcomes the FATF statements this week identifying countries with strategic deficiencies in the area of anti-money laundering and combating the financing of terrorism. The FATF's work in this area, which responds to the G20's call for such action, is an important step in our collective efforts to protect the international financial system from abuse. We also welcome FATF's renewed call today for its members and all jurisdictions to apply effective counter-measures to protect their financial sectors from the money laundering and terrorist financing risks emanating from Iran." You may view FATF's public statement by clicking here . ### https://www.treasury.gov/press-center/press-releases/Pages/tg554.aspx 1/2 5/12/2020 Treasury Department Statement on Financial Action Task Force Identifications https://www.treasury.gov/press-center/press-releases/Pages/tg554.aspx 2/2
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