Country Risk Ratings

Find out more about our Risk Rating System and its
methodology (by clicking on title above)

Last Updated: 29 June 2014
Home      About      Terms      FAQs      Contact      Daily Newsletter      Membership Area      Regulator Access
This is my page
KnowYourCountry
ISO 9001 Certified for the provision of AML and Sanction Information
on a Country by Country basis
Copyright 2008 - 2014 by KnowYourCountry
Lower
Med - Low
Med
Med-High
Higher
80 - 100
70 - 80
60 - 70
50 - 60
>50
Daily Newsletter

To read and/or subscribe to our free daily newsletter focusing on current Global Anti-
Money Laundering, Sanction and Corruption issues go to the following link: -

http//news.knowyourcountry.com

________________________________________________________________________

Website Updates


23 July 2014  -  OECD releases full version of global standard for automatic exchange of
information

Read More

________________________________________________________________________


21 July 2014  -  FinCEN Releases First Issue of SAR Stats

Read More

________________________________________________________________________


16 July 2014  -  KnowYourCountry Limited has achieved ISO 9001 Certification for the
provision of On-Line information of Money Laundering and Sanction Information on a
Country by Country basis.


Read More

________________________________________________________________________


15 July 2014  -  Statement of OECD on Japan’s Efforts to Increase Foreign Bribery
Enforcement

Read Statement

________________________________________________________________________


10 July 2014  -  We have embedded the OECD Compare Your Country data tool into our
website. You will find this below the Country Risk Ratings Table

________________________________________________________________________

9 July 2014  -  IMF Report:  Pakistan -  Third Review Under the Extended Arrangement and
Request for Waiver of Nonobservance of Performance Criterion  -  includes information on
anti-money laundering issues

Read Extract and access full report

________________________________________________________________________

4 July 2014  -  Final rule adding the South Sudan Sanctions Regulations to 31 C.F.R.
Chapter V

Read More

________________________________________________________________________


3 July 2014  -  Publication of Final Rule in the Federal Register, amending and reissuing in
their entirety the
Burmese (Myanmar) Sanctions Regulations

Read More

________________________________________________________________________


29 June 2014 -  Outcomes of the FATF Plenary,  25-27 June 2014

FATF call on its members and other jurisdictions to apply counter-measures to protect the
international financial system from the on-going and substantial money laundering and
terrorist financing (ML/TF) risks emanating from the jurisdictions of: -

Iran  and  Democratic People's Republic of Korea (DPRK)

The following jurisdictions have been identified as not having made sufficient progress in
addressing deficiencies or have not committed to an action plan developed with the FATF
to address the deficiencies. FATF calls on its members to consider the risks arising from the
deficiencies associated with: -

Algeria   Ecuador  Indonesia   Myanmar  


Ethiopia  Pakistan   Syria   Turkey  and   Yemen  are now identified in the FATF
document, "Improving Global AML/CFT Compliance: On-going Process" due to their
progress in substantially addressing their action plan agreed upon with the FATF


FATF identifies a number of jurisdictions which have strategic AML/CFT deficiencies for
which they have developed an action plan with the FATF. While the situations differ among
each jurisdiction, each jurisdiction has provided a written high-level political commitment to
address the identified deficiencies.  
Panama  is added to these jurisdictions. The
jurisdictions are: -

Afghanistan   Albania   Angola   Argentina   Cambodia   Cuba   Ethiopia   Iraq   Kuwait     
Laos   Namibia   Nicaragua   Pakistan   Panama    Papua New Guinea   Sudan   Syria  
Tajikistan   Turkey   Uganda   Yemen  and  Zimbabwe


Kenya   Kyrgyzstan   Mongolia   Nepal   and   Tanzania  are no longer subject to FATF’s
monitoring process under its on-going global AML/CFT compliance process


Other Outcomes

Approving the exit from the follow-up process of Argentina   Australia   Germany  and
South Korea.

Calling on
Japan to enact adequate anti-money laundering and counter terrorist financing
legislation.

Issuing a communiqué concerning the end of the third round of mutual evaluations and
the start of the fourth round of mutual evaluations.

Read More

Reviewing the voluntary tax compliance programmes in several jurisdictions.

Read more

Adopting and publishing a report on the key definitions and potential AML/CFT risks of
virtual currencies.

Read more

Adopting and publishing a typologies report on the risk of terrorist financing abuse of the
non-profit sector.

Read More

Adopting and publishing a typologies report on the financial flows linked to the illicit
production and trafficking of Afghan opiates and associated ML/TF activities (Not yet
available)


Agreeing on an expansion of membership

________________________________________________________________________

25 June 2014  -  FATF Targeted Financial Sanctions Experts' meeting  

Read More

________________________________________________________________________

23 June 2014  -  Country Tier lists updated to reflect US State Department Trafficking in
Persons Report 2014 in Human Trafficking Pages

See new Tier lists

________________________________________________________________________

20 June 2014  -  OECD:  Estonia needs to promptly address rising foreign bribery risks

Read More

________________________________________________________________________

17 June 2014  -  OECD:  Mongolia should persist with systematic anti-corruption reforms -
a new report by the Istanbul Anti-Corruption Action Plan

Read Key Findings and access Report

________________________________________________________________________

13 June 2014  -  IMF Report:  Ukraine: 2013 Article IV Consultation and First Post-Program
Monitoring  -  includes information on anti-money laundering issues

Read extract and access full report

________________________________________________________________________

10 June 2014  -  Moneyval Report:  Special Assessment of the Effectiveness of Customer
Due Diligence Measures in the Banking Sector in Cyprus  -  April 2014

Read Key Findings and access full report

________________________________________________________________________


7 June 2014  -  MONEYVAL calls on States and territories evaluated by MONEYVAL and
other countries to advise their financial institutions to pay special attention by applying
enhanced due diligence measures to transactions with persons and financial institutions
from or in
Bosnia and Herzegovina in order to address the money laundering and
financing of terrorism risks

Read More

________________________________________________________________________


3 June 2014  -  US Dept of the Treasury:  Publication of Frequently Asked Question on
South Sudan-related Executive Order

Read More

________________________________________________________________________

2 June 2014  -  The Caribbean Financial Action Task Force has identified Guyana, as a
jurisdiction with strategic AML/CFT deficiencies and has called on its members and other
jurisdictions to apply counter-measures to protect the international financial system from
the on-going and substantial money laundering and terrorist financing (ML/TF) risks
emanating from Guyana. CFATF has referred Guyana to the FATF. CFATF recognised the
significant progress made by
Belize to address AML/CFT deficiencies

Guyana

Belize

________________________________________________________________________

29 May 2014  -  The Financial Crimes Enforcement Network (FinCEN) today issued an
advisory to financial institutions regarding the increased use of funnel accounts as part of
trade-based money laundering (TBML) conducted by criminal actors following the
restrictions on U.S. currency transactions in Mexico

Read Advisory

________________________________________________________________________

27 May 2014  -   European Anti-Fraud Office publishes 2013 Report

Read Report

________________________________________________________________________

26 May 2014  -  IMF Report  -  People’s Republic of China – Hong Kong Special
Administrative Region: Report on the Observance of Standards and Codes  -  includes
information on Anti- Money Laundering issues

Read Extract and access full report

________________________________________________________________________

21 May 2014  -  FinCEN Issues Advisory on Abuse of the Citizenship-by-Investment
Program Sponsored by the Federation of
St. Kitts and Nevis

Read Advisory

________________________________________________________________________

18 May 2014  -  IMF Report  -  Lithuania: 2014 Article IV Consultation  -  includes
information on Anti-Money Laundering issues

Read Extract and access full Report

________________________________________________________________________

12 May 2014  -  IMF Report  -  Luxembourg: 2014 Article IV Consultation-Staff Report;
Press Release; and Statement by the Executive Director for Luxembourg  -  includes
information on anti-money laundering issues

Read Extract and access full Report

________________________________________________________________________

5 May 2014  -  Our Country Reports have been updated to include the 2013 US
Department of State Country Reports on Terrorism, which have recently been published.
You may view these in the Anti-Money laundering sections of
our reports

________________________________________________________________________

3 May 2014  -  OFAC  - Publication of Final Rule in the Federal Register, amending and
reissuing in their entirety the
Syrian Sanctions Regulations

Read More

________________________________________________________________________

2 May 2014  -  IMF Report -  Haiti: Seventh Review Under the Extended Credit Facility  -  
includes information on anti-money laundering issues

Read Extract and access Report

________________________________________________________________________

29 April 2014  -  The U.S. and Europe expanded sanctions to include other Russian
government officials and business entities in an effort to pressure President Vladimir Putin
and his Ukrainian allies to cease their military activity in eastern
Ukraine.

Read More

________________________________________________________________________

23 April 2014  -  IMF Report  -  Nigeria: 2013 Article IV Consultation-Staff Report  -  
includes statement re Oil theft and Anti-money laundering implications

Read Extract and access Report

________________________________________________________________________

22 April 2014  -  IMF Report  -  Portugal: Eleventh Review Under the Extended
Arrangement, and Request for Extension of the Arrangement and Waivers of Applicability
of End-March Performance Criteria  -  includes information on anti-money laundering issues

Read Extract and access Report

________________________________________________________________________

16 April 2014  -  The EU adopted COUNCIL DECISION 2014/213/CFSP on 14 April 2014
ending Decision 2010/638/CFSP (see below) concerning restrictive measures against the
Republic of Guinea

Read Regulation

________________________________________________________________________

14 April 2014  -  Transparency International:  -  Haiti: a new anti-corruption law brings
hope

Read More

________________________________________________________________________

11 April 2014  -  Latvia to join OECD Anti-Bribery Convention

Read More

________________________________________________________________________

8 April 2014  -  OFAC:  Frequently Asked Questions on Iran/TSRA General Licenses

Read More

________________________________________________________________________

7  April 2014  -  OECD: Progress made but Chile should better detect and thoroughly
investigate foreign bribery

Read More

________________________________________________________________________

4 April 2014  -  FATF meet with representatives of the private sector to discuss updates to
the guidance on the application of the risk-based approach in their relevant sector

Read More

________________________________________________________________________

1 April 2014  -  IMF Report: Cyprus: Third Review Under the Extended Arrangement Under
the Extended Fund Facility and Request for Modification of Performance Criteria  -  includes
information on anti-money laundering issues

Read Extract and access Report

________________________________________________________________________

31 March 2014  -  OECD:  Lack of enforcement jeopardises South Africa’s fight against
foreign bribery

Read More

________________________________________________________________________

27 March 2014  -  OFAC  -  Publication of Iran General License G

Read Licence

________________________________________________________________________

26 March 2014  -  FATF AML/CFT and data protection experts' seminar

Read Briefing

________________________________________________________________________

26 March 2014  -  Please note that we have re-formatted our website to enhance your
viewing experience of the Country Reports.

________________________________________________________________________

21 March 2014  -  The US President has issued a new Executive Order, “Blocking Property
of Additional Persons Contributing to the Situation in
Ukraine” expanding the scope of the
national emergency declared in Executive Order 13660 of March 6, 2014, and expanded by
Executive Order 13661 of March 16, 2014

Read Order

________________________________________________________________________

21 March 2014  -  The EU has imposed sanctions on another 12 individuals over Russia's
annexation of Crimea from
Ukraine.

Read More

________________________________________________________________________

18 March 2014  -  US President signed an Executive Order Blocking Property of Additional
Persons Contributing to the Situation In
Ukraine. This new authority expands upon E.O.
13660 by providing the ability to target officials of the Government of the
Russian
Federation, any individuals or entities that operate in the arms or related materiel sector
in the Russian Federation, and any individual or entity that is owned or controlled by, or
provides material or other support to any senior official of the Government of the Russian
Federation or any person designated pursuant to this order.

Read More

________________________________________________________________________

18 March 2014  -  EU restrictive measures against actions threatening Ukraine's territorial
integrity - including names of 21
Ukraine and Russian persons

Read More

________________________________________________________________________

14 March 2014  -   The Wolfsberg Group releases revised Anti-Money Laundering Principles
for Correspondent Banking

Read More

________________________________________________________________________


12 March 2014  -  Council Regulation (EU) No 224/2014 of 10 March 2014 concerning
restrictive measures, in view of the situation in the Central African Republic

Read Regulation

________________________________________________________________________


11 March 2014  -  Global Financial Integrity: US$68.9 Billion Flowed Illegally into or out of
Emerging EU Economies in 2011/GFI Urges EU Parliament Legislators to Follow UK’s Lead,
Ban Anonymous Shell Companies/Anonymous Shell Companies are a Major Conduit of
Illegal Funds; Public Registries of Beneficial Ownership are the “Gold Standard” in Curbing
Phantom Firm Abuse

Read More

________________________________________________________________________

7 March 2014  -  Council Regulation (EU) No 208/2014 of 5 March 2014 concerning
restrictive measures directed against certain persons, entities and bodies in view of the
situation in
Ukraine

Read More

________________________________________________________________________

7 March 2014  -  OFAC: Issuance of Ukraine-related Executive Order

Read More

________________________________________________________________________

6 March 2014  -  PWC publish 2014 Global Economic Crime Survey

Read More

________________________________________________________________________

3 March 2014  -  Ukraine: FinCEN Issues Advisory to Financial Institutions on Recent
Events related to the Departure of Victor Yanukovych and Other Ukrainian Officials

Read More

________________________________________________________________________

28 February 2014  -  Transparency International:  Overview of corruption and anti-
corruption in
Turkey

Read More

________________________________________________________________________

24 February 2014  -  UN extends Sudan sanctions

Read Resolution

________________________________________________________________________

24 February 2014  -  UN considers sanctions on Yemen

Read Draft Resolution

________________________________________________________________________

21 February 2014  -  EU and Canada impose Ukraine sanctions after deadly Kiev clashes
(further info to come)

Read More

________________________________________________________________________

21 February 2014  -  Panama: Latest Mutual Evaluation of FATF Recommendations
conducted by IMF

View Recommendation Ratings and key findings

________________________________________________________________________

19 February 2014  -  OECD delivers new single global standard on automatic exchange of
information

Read More

________________________________________________________________________

16 February 2014  -  Outcomes of the FATF Plenary, 12-14 February 2014

FATF call on its members and other jurisdictions to apply counter-measures to protect the
international financial system from the on-going and substantial money laundering and
terrorist financing (ML/TF) risks emanating from the jurisdictions of: -

Iran and Democratic People's Republic of Korea (DPRK)

The following jurisdictions have been identified as not having made sufficient progress in
addressing deficiencies or have not committed to an action plan developed with the FATF
to address the deficiencies. FATF calls on its members to consider the risks arising from the
deficiencies associated with: -

Algeria  Ecuador, Ethiopia, Indonesia,   Myanmar,  Pakistan,  Syria,   Turkey,  and   
Yemen

Kenya and Tanzania are now identified in the FATF document, "Improving Global AML/CFT
Compliance: On-going Process" due to their progress in substantially addressing their
action plan agreed upon with the FATF

If the following jurisdictions do not take sufficient action to implement significant
components of their action plans by June 2014, then the FATF will identify these
jurisdictions as being out of compliance with their agreed action plans and will take the
additional step of calling upon its members to consider the risks arising from the
deficiencies associated with these jurisdictions. The jurisdictions are: -

Afghanistan   Cambodia


FATF identifies a number of jurisdictions which have strategic AML/CFT deficiencies for
which they have developed an action plan with the FATF. While the situations differ among
each jurisdiction, each jurisdiction has provided a written high-level political commitment to
address the identified deficiencies. The jurisdictions are: -

Afghanistan, Albania,  Angola,  Argentina, Cambodia,  Cuba,  Iraq  Kenya  Kuwait,  
Kyrgyzstan,  Laos  Mongolia, Namibia,  Nepal,  Nicaragua,  Papua New Guinea   Sudan,  
Tajikistan, Tanzania,  Uganda and  Zimbabwe


Antigua and Barbuda,   Bangladesh and  Vietnam and  are no longer subject to FATF’s
monitoring process under its on-going global AML/CFT compliance process


Other Matters

Approving and publishing follow-up reports to the mutual evaluations of Aruba,  Austria,  
Canada,  Luxembourg,  Mexico (Report not yet published) and the Netherlands.

Reviewing the voluntary tax compliance programmes in several jurisdictions.

Adopting and publishing universal procedures for assessments conducted by assessment
bodies.

Continuing to develop guidance on effective implementation of beneficial ownership
requirements.

Exploring common issues between AML/CFT and data protection experts.

Conducting further research on the AML/CFT implications of virtual currency.

Read More

________________________________________________________________________

14 February 2014  -  OECD delivers new single global standard on automatic exchange of
information

Read More

________________________________________________________________________

14 February 2014  -  EU Commission unveils first EU Anti-Corruption Report

Read more and access report

________________________________________________________________________

13 February 2014  -  Belize enacts nine pieces of Legislation, in response to the CFATF
Public Statement

Read More

________________________________________________________________________

12 February 2014  -  IMF Report: El Salvador: Financial System Stability Assessment  -  
includes information on anti-money laundering issues

Read Extract and access Report

________________________________________________________________________


Archives
FATF List of AML/CFT Deficient Countries

FATF List of AML/CFT Deficient Countries  -  27 June 2014

FATF List of AML/CFT Deficient Countries  -  14 February 2014

FATF List of AML/CFT Deficient Countries  -  18 October 2013

FATF List of AML/CFT Deficient Countries  -  21 June 2013

FATF List of AML/CFT Deficient Countries  -  22 February 2013