On July 19th, the Financial Crimes Enforcement Network issued two advisories concerning the risks of money laundering and financing of terrorism associated with jurisdictions identified by the Financial Action Task Force ("FATF"). FIN-2012-A008 addresses the FATF's June 22, 2012 findings concerning jurisdictions with deficiencies in their anti-money laundering and counter-terrorist financing regimes ("AML/CTF") that have not made sufficient progress in addressing these deficiencies, not provided a political commitment to address AML/CTF deficiencies, or are subject to FATF's call for countermeasures. FIN-2012-A007 discusses a separate, but related, FATF document identifying jurisdictions with strategic AML/CTF deficiencies, for which each jurisdiction has provided a high-level political commitment to address.