FATF publication on high-risk and other monitored jurisdictions
The Financial Action Task Force (FATF) published a statement on 28 June regarding high risk jurisdictions subject to a call for action, calling on its members and all jurisdictions to apply specific measures and actions on Iran, the Democratic People's Republic of Korea and Myanmar.
The FATF also issued a notice on jurisdictions under increased monitoring, referring to other jurisdictions that have been identified to have strategic deficiencies in their AML/ counter-terrorist regimes and that are working with the FATF to address these deficiencies. Bulgaria, Burkina Faso, Cameroon, Croatia, Democratic Republic of Congo, Haiti, Jamaica, Mali, Mozambique, Nigeria, Philippines, Senegal, South Africa, South Sudan, Tanzania, Türkiye and Vietnam have had their progress reviewed by the FATF since February 2024 and updated statements are provided for these jurisdictions. Kenya, Namibia, Syria and Yemen chose to defer reporting. In addition, Monaco and Venezuela have been newly included on the list.
Horizontal Review of Gatekeepers’ Technical Compliance Related to Corruption
Please note that the FATF published its report on Horizontal Review of Gatekeepers’ Technical Compliance Related to Corruption on 8 July. Hong Kong was ranked among the highest levels of technical compliance.
AML notices
- For the current lists of terrorists, terrorist associates and relevant persons/ entities under United Nations sanctions, members should refer regularly to the Institute's AML webpage. Other useful documents and guidance can also be found on the same page.
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