USAPA: s311 notice withdrawn

On 18th April, the US Treasury published a notice in the Federal Register which set out why Nauru had been listed as a jurisdiction of primary money laundering concern in 2002.

But interestingly, it was only under threat of further action - a "final order" had been prepared but not enforced.

In the period since 20 December 2002, Nauru has, the US Treasury says "taken remedial measures to address the deficiencies in its anti money laundering regime."

Of course, the FATF came to that conclusion long ago and removed Nauru from its NCCT List.

But whilst the USA used the NCCT list as a justification for adding jurisdictions - such as Myanmar - to s311 list, it has never regarded even the total removal from the NCCT list as a reason to remove a jurisdiction from its s311 list.

The full finding is available in WMLRO: Resources.