Notices to Members

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Notice I-23-09

March 20, 2023

FCM and IB Members—FinCEN suspends the FATF membership of the Russian Federation and updates its list of FATF-identified jurisdictions with AML/CFT deficiencies

On March 9, 2023, the Financial Crimes Enforcement Network (FinCEN) issued a news release announcing that the Financial Action Task Force (FATF) suspended the Russian Federation's FATF membership. The release also announced that the FATF reissued its list of jurisdictions with strategic AML/CFT deficiencies. NFA Member futures commission merchants (FCM) and introducing brokers (IB) should review this release to ensure that their AML programs have the most current information on FATF-identified jurisdictions with AML/CFT deficiencies and revise their AML programs accordingly. A copy of the news release is available on FinCEN's website.

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