FATF Issues Statement on High-Risk Jurisdictions (“Black List”)

28/06/2024
Posted by: netinfo

The Financial Action Task Force issued a public statement concerning high-risk jurisdictions that have significant strategic deficiencies in their regimes to combat money laundering, terrorist financing, and financing of proliferation.

The public statement calls on all FATF members to apply enhanced due diligence to protect the international financial system from the risks emanating from Iran, Myanmar, and North Korea.

The so-called black-list remains unchanged with both Iran and North Korea being subject to a FATF call on its members and other jurisdictions to apply countermeasures. Myanmar also remains on the list and its overall progress continues to be slow, and if no further progress is made by October 2024, FATF will consider countermeasures.

View the announcement here

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FATF Issues Statement on High-Risk Jurisdictions (“Black List”)

FATF Issues Statement on High-Risk Jurisdictions (“Black List”)

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FATF Renews Call for Action Concerning High-Risk Jurisdictions (“Black List”)

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