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An unclassified US State Department cable, which was directed to its foreign embassies and diplomatic posts, announced that elevated standards for information, regarding foreign nationals, especially those who wish to acquire visas to enter the United States, will soon be required, including detailed data on suspected terrorists.
In the event that a country fails to meet these new information requirements, the document states that sanctions will be imposed. Though short on specific details, it is recommended that compliance officers whose duties include the assessment of Country Risk, review the document, for the imposition of sanctions, by the US, due to non-disclosure of the information demanded, and the resultant sanctions, should be immediately assessed, so that your calculation of Country Risk, for those specific nations, is accurate and timely.
The document, which is on the Reuters website, may be accessed here.
Chronicles of Monte Friesner - Financial Crime Analyst
Contributed by Kenneth Rijock - Financial Crime Consultant
