The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced two countries have been added to the Financial Action Task Force (FATF) watchlist, while another has been removed.
The FATF grey list identifies countries where increased financial monitoring is necessary to combat money laundering, terrorist financing, and nuclear weapons proliferation. FinCEN said Laos and Nepal have been added, while the Philippines have been removed, according to a press release Wednesday.
