- within Immigration, Privacy and Employment and HR topic(s)
- in European Union
- with readers working within the Banking & Credit and Transport industries
The FATF identifies jurisdictions with weak measures to combat money laundering and terrorist financing (AML/CFT) in two FATF public documents that are issued three times a year.
The FIAU endorses such documents through a Guidance Note on High Risk and Non-Cooperative Jurisdictions published on June 2024 and as a result, subject persons are obliged to compl with the FATF public documents.
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Category 1 - Jurisdictions that have strategic AML/CFT deficiencies and to which counter-measurs apply. |
Category 2 - Jurisdictions with strategic AML/CFT deficiencies that have not made sufficient progress in addressing the deficiencies or have not committed to an action plan developed with the FATF to address the deficiencies. |
Category 3 - Jurisdictions with strategic AML/CFT deficiencies that have developed an action plan with the FATF and have made a high-level political commitment to address their AML/CFT deficiencies |
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Democratic People's Republic of Korea (DPRK) |
Bulgaria |
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Iran |
Burkina Faso |
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Myanmar |
Cameroon |
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Croatia |
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Democratic Republic of the Congo |
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Gibraltar |
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Haiti |
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Kenya |
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Mali |
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Monaco *NEW* |
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Mozambique |
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Namibia |
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Nigeria |
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Philippines |
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Senegal |
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South Africa |
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South Sudan |
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Syria |
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Tanzania |
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Venezuela *NEW* |
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Vietnam |
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Yemen |
Additionally, note that the following jurisdictions were removed from Category 3: Jamaica and Turkey.
For further information kindly refer to the following resources:
- Jurisdiction under increased monitor - Jurisdictions under Increased Monitoring - June 2024 (fatf-gafi.org)
- High risk jurisdictions - High-Risk Jurisdictions subject to a Call for Action - June 2024 (fatf-gafi.org)
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
