Advisory Information
advis11a.pdf30.54 KB
Issued Date
Transactions Involving Antigua and Barbuda

FinCEN Advisory

This Advisory is being issued to inform banks and other financial institutions operating in the United States that Financial Crimes Enforcement Network (FinCEN) Advisory 11, regarding Antigua and Barbuda, is hereby withdrawn.

Since the issuance of Advisory 11, Antigua and Barbuda has enacted significant reforms to its counter-money laundering system, addressing the points noted in Advisory 11, and has taken concrete steps to bring these reforms into effect. Because of the enactment of new laws and the beginning of effective implementation, enhanced scrutiny with respect to transactions involving Antigua and Barbuda, as called for in Advisory 11, is no longer necessary.

The withdrawal of Advisory 11 does not relieve institutions of their pre-existing and on-going obligation to report suspicious activity, as set forth in regulations issued by FinCEN and by the federal bank supervisory agencies, as well as their obligation to comply with all other applicable provisions of law.

Connie J. Fenchel
Acting Director