Reuters noted the recent signing of an information agreement between the Vatican and the U.S. Financial Crimes Enforcement Network ("FinCEN"). Agreement. Last month, FinCEN issued two AML advisories. FIN-2013-A004 discusses countries that have not made sufficient progress in addressing deficiencies or are subject to the Financial Action Task Force's ("FATF") call for countermeasures. FIN-2013-A003 addresses FATF's identification of jurisdictions with strategic AML/CFT deficiencies for which each jurisdiction has provided a high-level political commitment to address. Last week, FinCEN published its most recent edition of "The SAR Activity Review - By the Numbers" and its companion, "The SAR Activity Review - Trends, Tips & Issues."

Senators Dianne Feinstein and Charles Grassley, co-chairs of the Senate Caucus on International Narcotics Control, released a bipartisan report entitled "The Buck Stops Here: Improving U.S. Anti-Money Laundering Practices." Among other things, the report calls for stronger enforcement of AML laws by the Justice Department, particularly where banks are accused of improper monitoring; making pre-paid cards subject to cross-border reporting requirements; and requiring all money service businesses to register with FinCEN. Senators' Press Release.