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FATF List of high-risk and jurisdictions under increased monitoring (March 2022)

There is a more recent version of the FATF list.
We leave this blog post with the old list on the Blog for historical reference.

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Jurisdiction no longer subject to increased monitoring

  • Zimbabwe [NEW – Removed March 2022]

High-risk Jurisdictions

  • Democratic People’s Republic of Korea *
  • Iran *

(Note: not updated by FATF since February 2020 due to pandemic)

 Jurisdictions with strategic deficiencies

  • Albania
  • Barbados *
  • Burkina Faso *
  • Cambodia *
  • Cayman Islands *
  • Haiti *
  • Jamaica *
  • Jordan *
  • Mali *
  • Malta
  • Morocco *
  • Myanmar *
  • Nicaragua *
  • Pakistan *
  • Panama *
  • Philippines *
  • Senegal *
  • South Sudan *
  • Syria *
  • Turkey
  • Uganda *
  • United Arab Emirates [NEW – Added March 2022]
  • Yemen *

* On high-risk countries list of EU

See external

link below to FATF website for details by country.

Comment / observation

  • Cayman Islands: Made high-level commitment but still needs imposing sanctions for parties not provide correct/timely info.
  • Malta: in February 2022 Malta substantially completed action plan and FATF will conduct on-site visit at earliest possible date.
  • Countries not on EU high-risk list: Albania, Malta  (EU identifies third countries as high-risk only), Turkey and UAE (EU high-risk list from January 2022)
  • Additional countries on EU high-risk list: Afghanistan, Trinidad and Tobago and Vanuatu

Actions

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

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