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EU High-risk countries (January 2022)

On 7 January 2022, the European Commission classified the following jurisdictions are identified as having strategic deficiencies in their AML/CFT regimes and therefore considered high-risk:

 

  • Afghanistan (23 September 2016)
  • Barbados (1 October 2020) *
  • Burkina Faso (13 March 2022) *
  • Cambodia (1 October 2020) *
  • Cayman Islands (13 March 2022) *
  • Democratic People’s Republic of Korea (23 September 2016) *
  • Haiti (13 March 2022) *
  • Iran (23 September 2016) *
  • Jamaica (1 October 2020) *
  • Jordan (13 March 2022) *
  • Mali (13 March 2022) *
  • Morocco (13 March 2022) *
  • Myanmar (1 October 2020) *
  • Nicaragua (1 October 2020) *
  • Pakistan (22 October 2018) *
  • Panama (1 October 2020) *
  • Philippines (13 March 2022) *
  • Senegal (13 March 2022) *
  • South Sudan (13 March 2022) *
  • Syria (23 September 2016) *
  • Trinidad and Tobago (6 March 2018)
  • Uganda (23 September 2016) *
  • Vanuatu (23 September 2016)
  • Yemen (23 September 2016) *
  • Zimbabwe (1 October 2020) **

 

* [UPDATED March 2022] On high-risk countries list FATF
** [UPDATED March 2022] Removed from high-risk countries list FATF

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Comment / observation

Countries not on FATF high-risk list: Afghanistan, Trinidad and Tobago and Vanuatu.

Additional countries on FATF high-risk list: Albania, Malta  (EU identifies third countries as high-risk only), Turkey and UAE (FATF added March 2022).

Actions

Monitor the jurisdictions with strategic deficiencies closely and classify these properly for AML/KYC based on risk appetite.

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