Puerto Rico Mission Highlights AML Risks in Commonwealth

Posted 4/23/24

Under Secretary for Terrorism and Financial Intelligence (TFI) Brian Nelson will travel to San Juan, Puerto Rico from April 23 – 25 " to discuss "key illicit finance issues," according to a statement.

Treasury has identified increased risks in Puerto Rico due to the existence of Puerto Rican financial entities, or PRFEs – chartered and licensed by territorial authorities, which present money laundering vulnerabilities because of their offshore banking business models.

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