FATF publication on high-risk and other monitored jurisdictions
The Financial Action Task Force (FATF) published a statement on 21 October regarding High Risk Jurisdictions Subject to a Call for Action, calling on its members and all jurisdictions to continue to apply specific measures and actions on Iran and the Democratic People's Republic of Korea.
The FATF also issued a notice on Jurisdictions under Increased Monitoring, referring to other jurisdictions that have been identified to have strategic anti-money laundering/ counter-terrorist strategic deficiencies and that are working with the FATF to address these deficiencies. Following recent reviews, Botswana and Mauritius are no longer subject to increased monitoring and updated statements are provided for some of the remaining 20 jurisdictions on the list. In addition, Jordan, Mali, and Turkey have been newly included on the list.
Sanctions update
The List of individuals and entities published under section 43 of the United Nations Sanctions (Libya) Regulation 2019 (Cap. 537CF) was updated on 26 October. See the relevant UNSC press release.
Others
AMLbites, produced by the ICAEW, contains the basics on popular money laundering topics. The videos are aimed at money laundering reporting officers, compliance principals and people in regulatory roles.
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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