February 23, 2012 - EU Commission implements Regulation (EU) No 151/2012
of 21 February 2012 amending Council Regulation (EC) No 314/2004 concerning certain
restrictive measures in respect of Zimbabwe
Read Regulation
February 22, 2012 - OFAC - Release of Civil Penalties Information
Read more
February 22, 2012 - UK Treasury - Terrorist Asset-Freezing etc. Act 2010 - Renewal
of final designations
Read more
February 21, 2012 - FATF's response to the public consultation on the revision of the
FATF Recommendations
Read Response
* February 19, 2012 - China has been taken off the Mutual Evaluation regular follow-
up process. Click on country name to view statement.
* February 16, 2012 - FATF is not yet satisfied that the following jurisdictions have
made sufficient progress on their action plan agreed upon with the FATF. The most
significant action plan items and/or the majority of the action plan items have not been
addressed. These jurisdictions are Ecuador, Philippines, Vietnam and Yemen
* February 16, 2012 - FATF has to date identified 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 Algeria, Angola, Antigua & Barbuda, Argentina, Bangladesh,
Brunei, Cambodia, Kyrgyzstan, Mongolia, Morocco, Namibia, Nepal,
Nicaragua, Sudan, Tajikistan, Trinidad & Tobago, Turkmenistan,
Venezuela, and Zimbabwe
* February 16, 2012 - FATF releases list of 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.
FATF calls on its members to consider the risks arising from the deficiencies associated
with Bolivia, Cuba, Ethiopia, Ghana, Indonesia, Kenya, Myanmar, Nigeria,
Pakistan, Sao Tome Sri Lanka, Syria, Tanzania, Thailand and Turkey
February 16, 2012 - 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)
* February 16, 2012 - Honduras and Paraguay are no longer subject to FATF’s
monitoring process under its on-going global AML/CFT compliance process.
February 16, 2012 - OFAC has updated its list of Cuba Travel and Carrier Service
Providers and Remittance Forwarders
See List
February 15, 2012 - The US Treasury Department and the Internal Revenue Service
today issued proposed regulations for the next major phase of implementing the Foreign
Account Tax Compliance Act (FATCA) designed to improve Offshore Tax Compliance and
Reduce Burden .
Read More
February 15, 2012 - US Treasury Issues Guidance Concerning National Defense
Authorization Act Sanctions on Iran
Read Guidance
February 15, 2012 - OFAC releases reports on 3rd and 4th Quarter FY 2011
Licensing Activities undertaken pursuant to the Trade Sanctions Reform and Export
Enhancement Act of 2000 (TSRA)
Read Reports
February 14, 2012 - EU impose Regulation (EU) No 116/2012 of 9 February 2012
amending Council Regulation (EC) No 872/2004 concerning further restrictive measures in
relation to Liberia
Read Regulation
February 14, 2012 - EU implement Regulation (EU) No 113/2012 of 10 February 2012
implementing Regulation (EC) No 560/2005 imposing certain specific restrictive measures
directed against certain persons and entities in view of the situation in Côte d’Ivoire
Read Regulation
February 13, 2012 - Information on Anti-money laundering extracted from IMF Report -
Lebanon: 2011 Article IV Consultation (click on Country name to read extract).
February 9, 2012 - EU Commission implements Regulation (EU) No 97/2012
of 6 February 2012 amending for the 164th time Council Regulation (EC) No 881/2002
imposing certain specific restrictive measures directed against certain persons and entities
associated with the Al-Qaida network
Read Regulation
February 7, 2012 - The US President signs Executive Order Blocking the Property
and Interests in Property of the Government of Iran and Iranian Financial Institutions
Read more
February 5, 2012 - Banks in United Arab Emirates and Qatar stop financing trade
with Iran
Read More (Reuters)
February 3, 2012 - AML information extracted from IMF Report - Qatar 2012 Article
4 Consultation (Click on country name to read extract)
February 3, 2012 - Kingpin Act Designations; Sudan Designations Removals -
Specially Designated Nationals Update
View changes
February 1, 2012 - Countering Terrorist Extremism - Remarks by Daniel Benjamin
Coordinator, Office of the Coordinator for Counterterrorism, US Department of State
Read More
* January 30, 2012 - Mutual Evaluation of San Marino arising from Report on 4th
Assessment visit (September 2011) - (Click on country name to view ratings on
recommendations and key findings)
January 30, 2012 - Vatican City rewrites its 2010 anti-money laundering law
Read More
January 25, 2012 - EU Council Implement Regulation (EU) No 55/2012 in respect of
the restrictive measures directed by the Council of the European Union in view of the
situation in Syria.
Read Regulation
January 25, 2012 - EU Council Implement Regulation (EU) No 54/2012 in respect of
restrictive measures against Iran
Read Regulation
January 23, 2012 - Money transfer rules tightened by Egypt's Central Bank
Read More (Reuters)
January 22, 2012 - European Implemented Regulation (EU) No 34/2012 of 17
January 2012 amending for the 163rd time Council Regulation (EC) No 881/2002 imposing
certain specific restrictive measures directed against certain persons and entities
associated with the Al-Qaida network
Read Regulation
January 19, 2012 - The EU has imposed Regulation(EU) No 36/2012 of 18 January
2012 concerning restrictive measures in view of the situation in Syria and repealing
Regulation (EU) No 442/2011
Read Regulation
January 17, 2012 - DR Congo: UN experts outline sources of funding for armed
rebels
Read more
January 15, 2012 - OFAC has updated its notice regarding the implementation of
certain sanctions under the Iran Sanctions Act of 1996
Read Notice
January 13, 2012 - (EU) Regulation No 15/2012 of 10 January 2012 amending for the
162nd time Council Regulation (EC) No 881/2002 imposing certain specific restrictive
measures directed against certain persons and entities associated with the Al-Qaida
network
Read Regulation
January 11, 2012 - UNODC issue report - Smuggling of Migrants by Sea
Read Report
January 10, 2012 - (EU) No 7/2012 implemented on 5 January 2012 amending
Council Regulation (EC) No 1183/2005 imposing certain specific restrictive measures
directed against persons acting in violation of the arms embargo with regard to the
Democratic Republic of the Congo
Read Regulation
January 9, 2012 - IMF report released - Maldives: Detailed Assessment Report on
Anti-Money Laundering and Combating the Financing of Terrorism
Read report (pdf file)
January 8, 2012 - FinCEN Issues Annual Report for FY 2011
View report (pdf file)
January 3, 2012 - Transparency International publishes new report - Daily Lives and
Corruption, Public Opinion in South Asia
Read report (pdf file)
December 30, 2011 - IMF report released - Senegal: Second Review Under the
Policy Support Instrument and Request for Modification of Assessment Criteria
Read AML information extracted from report
December 28, 2011 - Tax Exchange of Information Agreements signed from 6
September 2011 to date: -
Denmark - Uruguay (14 December 2011) Faroe Islands - Uruguay (14 December 2011)
Greenland - Uruguay (14 December 2011) Iceland - Uruguay (14 December 2011)
Norway - Uruguay (14 December 2011) Sweden - Uruguay (14 December 2011) Iceland -
Mauritius (1 December 2011) Denmark - Mauritius (1 December 2011) Faroe Islands -
Mauritius (1 December 2011) Finland - Mauritius (1 December 2011) Greenland -
Mauritius (1 December 2011) Norway - Mauritius (1 December 2011) Czech Republic -
San Marino (25 November 2011) Greenland - Barbados (3 November 2011) Denmark -
Barbados (3 November 2011) Faroe Islands - Barbados (3 November 2011) Faroe
Islands - Bahrain (14 October 2011) Denmark - Bahrain (14 October 2011) Finland -
Bahrain (14 October 2011) Greenland - Bahrain (14 October 2011) Iceland - Bahrain (14
October 2011) Norway - Bahrain (14 October 2011) Sweden - Bahrain (14 October
2011) The Bahamas - South Africa (14 September 2011) Bermuda - South Africa (6
September 2011)
* December 27, 2011 - Uruguay moved to OECD white list for jurisdictions that have
substantially implemented the internationally agreed tax standard
Read More
December 26, 2011 - OFAC has updated its list of Cuba Travel and Carrier Service
Providers and Remittance Forwarders.
Read Update
December 26, 2011 - EU implemented Council Regulation (EU) No 1360/2011 of 20
December 2011 amending Regulation (EU) No 204/2011 concerning restrictive measures
in view of the situation in Libya
Read Regulation
December 26, 2011 - On 19 December 2011 the EU Council implemented Regulation
No 1345/2011 renewing and strengthening the restrictive measures in respect of
Burma/Myanmar implemented in Regulation (EC) No 194/2008
Read Regulation
December 26, 2011 - On 19 December 2011, the EU Council decided to amend the
list of persons, entities and bodies to whom the freezing of funds and economic resources
should apply thus Regulation (EU) No 1355/2011 was implemented of 20 December 2011
amending Council Regulation (EC) No 329/2007 concerning restrictive measures against
the Democratic People’s Republic of Korea
Read Regulation
December 20, 2011 - On 19th December, 2011 the EU Council implemented
Regulation (EU) No 1320/2011 relating to the asset-freezing measures directed by the
Council of the European Union in respect of Belarus.
Read Regulation
December 19, 2011 - With effect from 16 December, 2011, the UN Security Council
has lifted sanctions on Libya's central bank and its foreign investment bank, to help the
country deal with a cash crisis.
The move clears the way for the new government to unlock billions of dollars of assets
held abroad.
The US and the UK followed suit shortly afterwards.
Read More (link to Resolution will be made when available)
December 14, 2011 - AML/CFT information extracted from IMF Report: Republic of
Mozambique: Staff Report for the Third Review Under the Policy Support Instrument and
Request for Modification of Assessment Criteria (December 2011) - click on country name
to read more.
* December 13, 2011 - Country Reports (together with risk rating spreadsheets)
have been updated to include named Terrorist Safe Havens from US State Department
Country Reports on Terrorism. Countries named are: - Afghanistan, Algeria,
Argentina (border areas), Brazil (border areas), Indonesia (Suluwesi), Iraq,
Lebanon, Mali, Mauritania, Niger, Pakistan, Paraguay (border areas),
Philippines, Somalia, Venezuela and Yemen .
December 12, 2011 - IMF Report - Russian Federation: Targeted Detailed
Assessment of Observance of Basel Core Principles for Effective Banking Supervision
(released November 2011)
Click here to read Key Findings (internal link)
* December 11, 2011 - Mutual Evaluation Report released for the Lesotho (Click on
country name to view ratings on recommendations and key findings)
* December 11, 2011 - Mutual Evaluation Report released for the Comoros (Click on
country name to view ratings on recommendations and key findings)
December 7, 2011 - FATF President Giancarlo del Bufalo, congratulates Caribbean
Financial Action task Force (CFATF) on the significant progress made in improving its
performance, but stressed that this reform process needs to continue
Read Address
December 7, 2011 - Transparency International release report on corruption in
Southern Africa
Read Report
* December 4, 2011 - Transparency International Corruption Perceptions Index for
2011 published. All Countries Reports have been updated accordingly (The World Bank
ease of doing business tables for 2011 have also been updated in the Country Reports)
View Corruption Perceptions Index
December 4, 2011 - Transparency International publishes recommendations to help
FIFA undertake fundamental change and regain trust in the aftermath of recent corruption
controversies.
Read Report
December 3, 2011 - EU Council implement further sanctions on Syria - Regulation (EU)
No 1244/2011
Read regulation
December 3, 2011 - December 2 - EU Council Implement Regulation (EU) No
1245/2011 Iran (nuclear proliferation)
Read regulation
December 1, 2011 - UNOCD report - Organized Crime and Instability in Central Africa:
A Threat Assessment
Read Report
December 1, 2011 - IMF Report released - Finance & Development in Africa
Read Report
November 29, 2011 - The Intergovernmental Action Group against Money Laundering
in West Africa (GIABA) issued a public statement regarding the deficiencies in the
AML/CFT regime in Sierra Leone.
Click here to read more
November 28, 2011 - The Arab League has approved sanctions against Syria,
including an asset freeze and an embargo on investments. Iraq refuse to implement
sanctions, Lebanon disassociates itself from sanctions.
November 24, 2011 - AML/CFT report on Lithuania extracted from Lithuania; 2011
Article IV Consultation. Click on Country name to read report
November 24, 2011 - All UK credit and financial institutions are required to cease
business relationships and transactions with all Iranian banks, including their branches and
subsidiaries, and the Central Bank of Iran.
Read Statement (pdf file)
November 22, 2011 - US Dept of the Treasury Finding that the Islamic Republic of
Iran is a Jurisdiction of Primary Money Laundering Concern (as submitted to the Federal
Register)
Read Notice of Findings
November 22, 2011 - US Dept of the Treasury Imposition of Special Measure against
the Islamic Republic of Iran as a Jurisdiction of Primary Money Laundering Concern (as
submitted to the Federal Register)
Read Notice of Proposed Rulemaking
November 21, 2011 - FINRA's automated search tool to check names in all OFAC
Sanctions Program Listings is now available.
Click here to visit our new Sanction List Search Tools web page for link
November 21, 2011 - Council Implementing Regulation (EU) No 1151/2011 of 14
November 2011 implementing Regulation (EU) No 442/2011 concerning restrictive
measures in view of the situation in Syria.
Read Regulation
November 21, 2011 - Council Implementing Regulation (EU) No 1150/2011 of 14
November 2011 implementing Regulation (EU) No 442/2011 concerning restrictive
measures in view of the situation in Syria.
Read Regulation
November 21, 2011 - Council Decision 2011/729/CFSP of 10 November 2011
amending Decision 2011/137/CFSP concerning restrictive measures in view of the situation
in Libya
Read Regulation
November 16, 2011 - UNODC report: Cybercrime in Asia and the Pacific: countering a
twenty-first-century security threat
Read more
November 14, 2011 - Stolen Asset Recovery (StAR) Initiative of the World Bank and
the United Nations Office on Drugs and Crime release study: The Puppet Masters: How
the Corrupt Use Legal Structures to Hide Stolen Assets and What to Do About It.
Read Report (pdf file)
November 13, 2011 - United Nations Office on Drugs & Crime article: The cocaine
gateway: West Africa and drug trafficking.
Read Article
November 10, 2011 - The 2011 Bribe Payers index is released ranking the likelihood
of companies from 28 leading economies to win business abroad by paying bribes.
Read Report
November 10, 2011 - Transparency International welcomes FIFA’s step towards
reform as a starting point for a new era of transparency in world football
Read Press Release and Report
November 9, 2011 - United Nations Office on Drugs & Crime (UNODC) publish
report: Estimating illicit financial flows resulting from drug trafficking and other
transnational organized crime.
Read Report (pdf file)
November 9, 2011 - FinCEN Proposes Anti-Money Laundering/Suspicious Activity
Reporting Rules for Fannie Mae, Freddie Mac, Federal Home Loan Banks
Read More
November 7, 2011 - FATF publishes report Afghanistan: Report on Observance of
Standards and Codes - FATF Recommendations for Anti-Money Laundering and
Combating the Financing of Terrorism (Click on country name to view key Findings)
November 7, 2011 - Global Forum Publishes Report to the G20 on Tax Transparency
View Report
November 5, 2011 - United Nations Office on Drugs & Crime (UNODC) launches first
global database of human trafficking cases
Go to Database
November 5, 2011 - FATF voices concerns about the potential impact of the Voluntary
Tax Compliance programme in Bangladesh on the effective application of the FATF
standards
November 1, 2011 - EU Commission implemented Regulation (EU) No 1097/2011 of 25
October 2011 amending Council Regulation (EC) No 1183/2005 imposing certain specific
restrictive measures directed against persons acting in violation of the arms embargo with
regard to the Democratic Republic of the Congo
Read Regulation
* November 1, 2011 - Greece has taken sufficient action to address these
deficiencies and has therefore been taken off the regular mutual evaluation follow-up
process.
Read More
* October 30, 2011 - FATF is not yet satisfied that the following jurisdictions have
made sufficient progress on their action plan agreed upon with the FATF. The most
significant action plan items and/or the majority of the action plan items have not been
addressed. These jurisdictions are Ghana, Indonesia, Pakistan, Tanzania, and
Thailand
* October 30, 2011 - FATF has to date identified 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 Algeria, Angola, Antigua & Barbuda, Argentina, Bangladesh,
Brunei, Cambodia, Ecuador, Honduras, Kyrgyzstan, Mongolia, Morocco,
Namibia, Nepal, Nicaragua, Paraguay, Philippines, Sudan, Tajikistan,
Trinidad & Tobago, Turkmenistan, Venezuela, Vietnam, Yemen and
Zimbabwe
* October 30, 2011 - FATF releases list of 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.
FATF calls on its members to consider the risks arising from the deficiencies associated
with Bolivia, Cuba, Ethiopia, Kenya, Myanmar, Nigeria, Sao Tome Sri
Lanka, Syria, and Turkey
October 30, 2011 - 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)
* October 30, 2011 - Ukraine is no longer subject to FATF’s monitoring process
under its on-going global AML/CFT compliance process.
October 30, 2011 - As part of its on-going review of compliance with the AML/CFT
standards, the FATF has released it's latest review: - Improving Global AML/CFT
Compliance: on-going process.
Read Review
October 28, 2011 - UNODC releases report 'Estimating illicit financial flows resulting
from drug trafficking and other transnational organized crimes'
Read Report (pdf file)
October 28, 2011 - Global Forum on Transparency and Exchange of Information for
Tax Purposes
Read More
October 26, 2011 - Anti-Money Laundering update extracted from IMF Report on
Australia (Click on Country name to go to web page to read report)
October 24, 2011 - Anti-money laundering reports/updates extracted from IMF reports
on Austria, Kuwait and Macau (Click on Country name to got to web page to read
report)
October 23, 2011 - Transparency International release 2011 East Africa Bribery index
Read more
October 20, 2011 - Transparency International: Breaking the chain: corruption and
human trafficking
Read More
October 20, 2011 - Transparency International: financial sector transparency needs
urgent overhaul
Read More
October 17, 2011 - Wolfsberg publishes 2011 Anti-Corruption Guidance
Read Report (pdf file)
October 13, 2011 - FinCEN releases October 2011 SAR Activity Review Trends, Tips
and Issues
Read Review (pdf file)
* October 13, 2011 - Mutual Evaluation Reports for Algeria and Jordan now
available. Click on country name to view FATF 40 + 9 recommendation scores and Key
Findings
* October 12, 2011 - Mutual Evaluation Reports for Kazakhstan, Marshall
Islands, and Turkmenistan now available. Click on country name to view FATF 40 + 9
recommendation scores and Key Findings
* October 11, 2011 - Mutual Evaluation Report for Afghanistan now available. Click
on country name to view FATF 40 + 9 recommendation scores and Key Findings.
* October 11, 2011 - Mutual Evaluation Report for the Maldives now available. Click
on country name to view FATF 40 + 9 recommendation scores and Key Findings.
* October 10, 2011 - Mutual Evaluation Report for Papua New Guinea now
available. Click on country name to view FATF 40 + 9 recommendation scores and Key
Findings.
* October 10, 2011 - Mutual Evaluation Report for Nepal now available. Click on
country name to view FATF 40 + 9 recommendation scores and Key Findings.
* October 10, 2011 - Mutual Evaluation report for Laos now available. Click on
country name to view FATF 40 + 9 recommendation scores and Key Findings.
October 7, 2011 - The U.S. Department of the Treasury's Financial Crimes
Enforcement Network (FinCEN) delivered to the Federal Register a final rule to implement
section 104(e) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of
2010 (CISADA) to complement Treasury's ongoing efforts to protect the international
financial system from abuse by Iran.
Read Final Rule
October 6, 2011 - the EU Council amended Annex I to Regulation 356/2010 for
Somalia updating the list of persons and entities subject to restrictive measures.
October 6, 2011 - the EU Council implemented amendments to Regulation EU
968/2011 for Afghanistan in response to the amendments approved by the UN in August.
October 3, 2011 - 2011 Global Financial Centres Index published - London, New York
and Hong Kong remain as top 3. Asian, Nordic and Eastern European centres strengthen,
Eurozone centres weaken and Offshore centres recover.
Click here to view report
September 27, 2011 - USA (OFAC) issues General Licence 12 on Syria re
authorization of third-country diplomatic and consular funds transfers
September 29, 2011 - UN, EU and USA (OFAC) ease sanctions on Libya
September 28, 2011 - Executive Summaries re economic conditions extracted from
IMF reports on Iceland and South Africa (click on name to view)
September 26, 2011 - Executive Summaries re economic conditions extracted from
IMF reports on Chile, Congo and Suriname (click on country name to view)
September 20, 2011 - New peer review reports released focusing on legal
frameworks which allow for transparency and exchange of tax information for Andorra,
Anguilla, Antigua and Barbuda, Austria, Bahrain, BVI, Curaçao, Liechtenstein,
Luxembourg, Saint Kitts and Nevis and the Turks and Caicos Islands. Also
available is a review of the United Kingdom that also considers the exchange of
information in practice, and supplementary reviews of Belgium and the Cayman Islands.
* September 19, 2011 - 2011 Presidential Determination for Major Drug Producing
and Transit Countries released. Belize and El Salvador added to International Narcotics
Control Majors List. To view list of countries on list, click here.
Read Press release
September 17, 2011 - Executive Summaries re economic conditions extracted from
IMF reports on Cape Verde, Guinea and Rwanda (click on country name to view)
September 14, 2011 - Extract from IMF Report - United Kingdom: Anti-Money
Laundering/Combating the Financing of Terrorism (click on country name to view)
September 14, 2011 - Executive Summaries/Key Findings re economic conditions
extracted from IMF Reports on Mexico, South Korea, and the United Kingdom now
available (please click on country names to view)
September 12, 2011 - IMF releases report - Compliance with the AML/CFT
International Standard: Lessons from a Cross-Country Analysis
Click here to read report (pdf file)
September 8, 2011 - Tax Information Exchange agreements signed from June 14,
2011 to date: -
Bermuda - Argentina (22 August 20110, Czech Republic - Bermuda (15 August 2011),
Aruba - The Bahamas (8 August 2011), The Bahamas - Guernsey (8 August 2011),
Czech Republic - Isle of Man (18 July 2011), Czech Republic - Jersey (12 July 2011)
Australia - Costa Rica (1 July 2011), Sweden - Costa Rica (29 June 2011), Norway -
Costa Rica (29 June 2011), Denmark - Costa Rica (29 June 2011), Finland - Costa Rica
(29 June 2011), Iceland - Costa Rica (29 June 2011), Faroe Islands - Costa Rica (29
June 2011), Greenland - Costa Rica (29 June 2011), Slovenia - Isle of Man (27 June
2011), Isle of Man - Indonesia (22 June 2011), Japan - Isle of Man (21 June 2011),
Australia - Liechtenstein (21 June 2011)
September 6, 2011 - Executive Summaries/key findings re economic conditions
extracted from IMF Reports on Iran, Paraguay and Togo now available (please click
on country names to view)
September 3, 2011 - EU bans import of Syria oil
Read Press Release
September 3, 2011 - Executive Summaries re economic conditions extracted from IMF
reports on Burkina Faso, Kosovo and Kuwait now available (please click on country
names to view)
* Denotes Risk Banding/Index spread-sheets have been updated accordingly
of 21 February 2012 amending Council Regulation (EC) No 314/2004 concerning certain
restrictive measures in respect of Zimbabwe
Read Regulation
February 22, 2012 - OFAC - Release of Civil Penalties Information
Read more
February 22, 2012 - UK Treasury - Terrorist Asset-Freezing etc. Act 2010 - Renewal
of final designations
Read more
February 21, 2012 - FATF's response to the public consultation on the revision of the
FATF Recommendations
Read Response
* February 19, 2012 - China has been taken off the Mutual Evaluation regular follow-
up process. Click on country name to view statement.
* February 16, 2012 - FATF is not yet satisfied that the following jurisdictions have
made sufficient progress on their action plan agreed upon with the FATF. The most
significant action plan items and/or the majority of the action plan items have not been
addressed. These jurisdictions are Ecuador, Philippines, Vietnam and Yemen
* February 16, 2012 - FATF has to date identified 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 Algeria, Angola, Antigua & Barbuda, Argentina, Bangladesh,
Brunei, Cambodia, Kyrgyzstan, Mongolia, Morocco, Namibia, Nepal,
Nicaragua, Sudan, Tajikistan, Trinidad & Tobago, Turkmenistan,
Venezuela, and Zimbabwe
* February 16, 2012 - FATF releases list of 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.
FATF calls on its members to consider the risks arising from the deficiencies associated
with Bolivia, Cuba, Ethiopia, Ghana, Indonesia, Kenya, Myanmar, Nigeria,
Pakistan, Sao Tome Sri Lanka, Syria, Tanzania, Thailand and Turkey
February 16, 2012 - 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)
* February 16, 2012 - Honduras and Paraguay are no longer subject to FATF’s
monitoring process under its on-going global AML/CFT compliance process.
February 16, 2012 - OFAC has updated its list of Cuba Travel and Carrier Service
Providers and Remittance Forwarders
See List
February 15, 2012 - The US Treasury Department and the Internal Revenue Service
today issued proposed regulations for the next major phase of implementing the Foreign
Account Tax Compliance Act (FATCA) designed to improve Offshore Tax Compliance and
Reduce Burden .
Read More
February 15, 2012 - US Treasury Issues Guidance Concerning National Defense
Authorization Act Sanctions on Iran
Read Guidance
February 15, 2012 - OFAC releases reports on 3rd and 4th Quarter FY 2011
Licensing Activities undertaken pursuant to the Trade Sanctions Reform and Export
Enhancement Act of 2000 (TSRA)
Read Reports
February 14, 2012 - EU impose Regulation (EU) No 116/2012 of 9 February 2012
amending Council Regulation (EC) No 872/2004 concerning further restrictive measures in
relation to Liberia
Read Regulation
February 14, 2012 - EU implement Regulation (EU) No 113/2012 of 10 February 2012
implementing Regulation (EC) No 560/2005 imposing certain specific restrictive measures
directed against certain persons and entities in view of the situation in Côte d’Ivoire
Read Regulation
February 13, 2012 - Information on Anti-money laundering extracted from IMF Report -
Lebanon: 2011 Article IV Consultation (click on Country name to read extract).
February 9, 2012 - EU Commission implements Regulation (EU) No 97/2012
of 6 February 2012 amending for the 164th time Council Regulation (EC) No 881/2002
imposing certain specific restrictive measures directed against certain persons and entities
associated with the Al-Qaida network
Read Regulation
February 7, 2012 - The US President signs Executive Order Blocking the Property
and Interests in Property of the Government of Iran and Iranian Financial Institutions
Read more
February 5, 2012 - Banks in United Arab Emirates and Qatar stop financing trade
with Iran
Read More (Reuters)
February 3, 2012 - AML information extracted from IMF Report - Qatar 2012 Article
4 Consultation (Click on country name to read extract)
February 3, 2012 - Kingpin Act Designations; Sudan Designations Removals -
Specially Designated Nationals Update
View changes
February 1, 2012 - Countering Terrorist Extremism - Remarks by Daniel Benjamin
Coordinator, Office of the Coordinator for Counterterrorism, US Department of State
Read More
* January 30, 2012 - Mutual Evaluation of San Marino arising from Report on 4th
Assessment visit (September 2011) - (Click on country name to view ratings on
recommendations and key findings)
January 30, 2012 - Vatican City rewrites its 2010 anti-money laundering law
Read More
January 25, 2012 - EU Council Implement Regulation (EU) No 55/2012 in respect of
the restrictive measures directed by the Council of the European Union in view of the
situation in Syria.
Read Regulation
January 25, 2012 - EU Council Implement Regulation (EU) No 54/2012 in respect of
restrictive measures against Iran
Read Regulation
January 23, 2012 - Money transfer rules tightened by Egypt's Central Bank
Read More (Reuters)
January 22, 2012 - European Implemented Regulation (EU) No 34/2012 of 17
January 2012 amending for the 163rd time Council Regulation (EC) No 881/2002 imposing
certain specific restrictive measures directed against certain persons and entities
associated with the Al-Qaida network
Read Regulation
January 19, 2012 - The EU has imposed Regulation(EU) No 36/2012 of 18 January
2012 concerning restrictive measures in view of the situation in Syria and repealing
Regulation (EU) No 442/2011
Read Regulation
January 17, 2012 - DR Congo: UN experts outline sources of funding for armed
rebels
Read more
January 15, 2012 - OFAC has updated its notice regarding the implementation of
certain sanctions under the Iran Sanctions Act of 1996
Read Notice
January 13, 2012 - (EU) Regulation No 15/2012 of 10 January 2012 amending for the
162nd time Council Regulation (EC) No 881/2002 imposing certain specific restrictive
measures directed against certain persons and entities associated with the Al-Qaida
network
Read Regulation
January 11, 2012 - UNODC issue report - Smuggling of Migrants by Sea
Read Report
January 10, 2012 - (EU) No 7/2012 implemented on 5 January 2012 amending
Council Regulation (EC) No 1183/2005 imposing certain specific restrictive measures
directed against persons acting in violation of the arms embargo with regard to the
Democratic Republic of the Congo
Read Regulation
January 9, 2012 - IMF report released - Maldives: Detailed Assessment Report on
Anti-Money Laundering and Combating the Financing of Terrorism
Read report (pdf file)
January 8, 2012 - FinCEN Issues Annual Report for FY 2011
View report (pdf file)
January 3, 2012 - Transparency International publishes new report - Daily Lives and
Corruption, Public Opinion in South Asia
Read report (pdf file)
December 30, 2011 - IMF report released - Senegal: Second Review Under the
Policy Support Instrument and Request for Modification of Assessment Criteria
Read AML information extracted from report
December 28, 2011 - Tax Exchange of Information Agreements signed from 6
September 2011 to date: -
Denmark - Uruguay (14 December 2011) Faroe Islands - Uruguay (14 December 2011)
Greenland - Uruguay (14 December 2011) Iceland - Uruguay (14 December 2011)
Norway - Uruguay (14 December 2011) Sweden - Uruguay (14 December 2011) Iceland -
Mauritius (1 December 2011) Denmark - Mauritius (1 December 2011) Faroe Islands -
Mauritius (1 December 2011) Finland - Mauritius (1 December 2011) Greenland -
Mauritius (1 December 2011) Norway - Mauritius (1 December 2011) Czech Republic -
San Marino (25 November 2011) Greenland - Barbados (3 November 2011) Denmark -
Barbados (3 November 2011) Faroe Islands - Barbados (3 November 2011) Faroe
Islands - Bahrain (14 October 2011) Denmark - Bahrain (14 October 2011) Finland -
Bahrain (14 October 2011) Greenland - Bahrain (14 October 2011) Iceland - Bahrain (14
October 2011) Norway - Bahrain (14 October 2011) Sweden - Bahrain (14 October
2011) The Bahamas - South Africa (14 September 2011) Bermuda - South Africa (6
September 2011)
* December 27, 2011 - Uruguay moved to OECD white list for jurisdictions that have
substantially implemented the internationally agreed tax standard
Read More
December 26, 2011 - OFAC has updated its list of Cuba Travel and Carrier Service
Providers and Remittance Forwarders.
Read Update
December 26, 2011 - EU implemented Council Regulation (EU) No 1360/2011 of 20
December 2011 amending Regulation (EU) No 204/2011 concerning restrictive measures
in view of the situation in Libya
Read Regulation
December 26, 2011 - On 19 December 2011 the EU Council implemented Regulation
No 1345/2011 renewing and strengthening the restrictive measures in respect of
Burma/Myanmar implemented in Regulation (EC) No 194/2008
Read Regulation
December 26, 2011 - On 19 December 2011, the EU Council decided to amend the
list of persons, entities and bodies to whom the freezing of funds and economic resources
should apply thus Regulation (EU) No 1355/2011 was implemented of 20 December 2011
amending Council Regulation (EC) No 329/2007 concerning restrictive measures against
the Democratic People’s Republic of Korea
Read Regulation
December 20, 2011 - On 19th December, 2011 the EU Council implemented
Regulation (EU) No 1320/2011 relating to the asset-freezing measures directed by the
Council of the European Union in respect of Belarus.
Read Regulation
December 19, 2011 - With effect from 16 December, 2011, the UN Security Council
has lifted sanctions on Libya's central bank and its foreign investment bank, to help the
country deal with a cash crisis.
The move clears the way for the new government to unlock billions of dollars of assets
held abroad.
The US and the UK followed suit shortly afterwards.
Read More (link to Resolution will be made when available)
December 14, 2011 - AML/CFT information extracted from IMF Report: Republic of
Mozambique: Staff Report for the Third Review Under the Policy Support Instrument and
Request for Modification of Assessment Criteria (December 2011) - click on country name
to read more.
* December 13, 2011 - Country Reports (together with risk rating spreadsheets)
have been updated to include named Terrorist Safe Havens from US State Department
Country Reports on Terrorism. Countries named are: - Afghanistan, Algeria,
Argentina (border areas), Brazil (border areas), Indonesia (Suluwesi), Iraq,
Lebanon, Mali, Mauritania, Niger, Pakistan, Paraguay (border areas),
Philippines, Somalia, Venezuela and Yemen .
December 12, 2011 - IMF Report - Russian Federation: Targeted Detailed
Assessment of Observance of Basel Core Principles for Effective Banking Supervision
(released November 2011)
Click here to read Key Findings (internal link)
* December 11, 2011 - Mutual Evaluation Report released for the Lesotho (Click on
country name to view ratings on recommendations and key findings)
* December 11, 2011 - Mutual Evaluation Report released for the Comoros (Click on
country name to view ratings on recommendations and key findings)
December 7, 2011 - FATF President Giancarlo del Bufalo, congratulates Caribbean
Financial Action task Force (CFATF) on the significant progress made in improving its
performance, but stressed that this reform process needs to continue
Read Address
December 7, 2011 - Transparency International release report on corruption in
Southern Africa
Read Report
* December 4, 2011 - Transparency International Corruption Perceptions Index for
2011 published. All Countries Reports have been updated accordingly (The World Bank
ease of doing business tables for 2011 have also been updated in the Country Reports)
View Corruption Perceptions Index
December 4, 2011 - Transparency International publishes recommendations to help
FIFA undertake fundamental change and regain trust in the aftermath of recent corruption
controversies.
Read Report
December 3, 2011 - EU Council implement further sanctions on Syria - Regulation (EU)
No 1244/2011
Read regulation
December 3, 2011 - December 2 - EU Council Implement Regulation (EU) No
1245/2011 Iran (nuclear proliferation)
Read regulation
December 1, 2011 - UNOCD report - Organized Crime and Instability in Central Africa:
A Threat Assessment
Read Report
December 1, 2011 - IMF Report released - Finance & Development in Africa
Read Report
November 29, 2011 - The Intergovernmental Action Group against Money Laundering
in West Africa (GIABA) issued a public statement regarding the deficiencies in the
AML/CFT regime in Sierra Leone.
Click here to read more
November 28, 2011 - The Arab League has approved sanctions against Syria,
including an asset freeze and an embargo on investments. Iraq refuse to implement
sanctions, Lebanon disassociates itself from sanctions.
November 24, 2011 - AML/CFT report on Lithuania extracted from Lithuania; 2011
Article IV Consultation. Click on Country name to read report
November 24, 2011 - All UK credit and financial institutions are required to cease
business relationships and transactions with all Iranian banks, including their branches and
subsidiaries, and the Central Bank of Iran.
Read Statement (pdf file)
November 22, 2011 - US Dept of the Treasury Finding that the Islamic Republic of
Iran is a Jurisdiction of Primary Money Laundering Concern (as submitted to the Federal
Register)
Read Notice of Findings
November 22, 2011 - US Dept of the Treasury Imposition of Special Measure against
the Islamic Republic of Iran as a Jurisdiction of Primary Money Laundering Concern (as
submitted to the Federal Register)
Read Notice of Proposed Rulemaking
November 21, 2011 - FINRA's automated search tool to check names in all OFAC
Sanctions Program Listings is now available.
Click here to visit our new Sanction List Search Tools web page for link
November 21, 2011 - Council Implementing Regulation (EU) No 1151/2011 of 14
November 2011 implementing Regulation (EU) No 442/2011 concerning restrictive
measures in view of the situation in Syria.
Read Regulation
November 21, 2011 - Council Implementing Regulation (EU) No 1150/2011 of 14
November 2011 implementing Regulation (EU) No 442/2011 concerning restrictive
measures in view of the situation in Syria.
Read Regulation
November 21, 2011 - Council Decision 2011/729/CFSP of 10 November 2011
amending Decision 2011/137/CFSP concerning restrictive measures in view of the situation
in Libya
Read Regulation
November 16, 2011 - UNODC report: Cybercrime in Asia and the Pacific: countering a
twenty-first-century security threat
Read more
November 14, 2011 - Stolen Asset Recovery (StAR) Initiative of the World Bank and
the United Nations Office on Drugs and Crime release study: The Puppet Masters: How
the Corrupt Use Legal Structures to Hide Stolen Assets and What to Do About It.
Read Report (pdf file)
November 13, 2011 - United Nations Office on Drugs & Crime article: The cocaine
gateway: West Africa and drug trafficking.
Read Article
November 10, 2011 - The 2011 Bribe Payers index is released ranking the likelihood
of companies from 28 leading economies to win business abroad by paying bribes.
Read Report
November 10, 2011 - Transparency International welcomes FIFA’s step towards
reform as a starting point for a new era of transparency in world football
Read Press Release and Report
November 9, 2011 - United Nations Office on Drugs & Crime (UNODC) publish
report: Estimating illicit financial flows resulting from drug trafficking and other
transnational organized crime.
Read Report (pdf file)
November 9, 2011 - FinCEN Proposes Anti-Money Laundering/Suspicious Activity
Reporting Rules for Fannie Mae, Freddie Mac, Federal Home Loan Banks
Read More
November 7, 2011 - FATF publishes report Afghanistan: Report on Observance of
Standards and Codes - FATF Recommendations for Anti-Money Laundering and
Combating the Financing of Terrorism (Click on country name to view key Findings)
November 7, 2011 - Global Forum Publishes Report to the G20 on Tax Transparency
View Report
November 5, 2011 - United Nations Office on Drugs & Crime (UNODC) launches first
global database of human trafficking cases
Go to Database
November 5, 2011 - FATF voices concerns about the potential impact of the Voluntary
Tax Compliance programme in Bangladesh on the effective application of the FATF
standards
November 1, 2011 - EU Commission implemented Regulation (EU) No 1097/2011 of 25
October 2011 amending Council Regulation (EC) No 1183/2005 imposing certain specific
restrictive measures directed against persons acting in violation of the arms embargo with
regard to the Democratic Republic of the Congo
Read Regulation
* November 1, 2011 - Greece has taken sufficient action to address these
deficiencies and has therefore been taken off the regular mutual evaluation follow-up
process.
Read More
* October 30, 2011 - FATF is not yet satisfied that the following jurisdictions have
made sufficient progress on their action plan agreed upon with the FATF. The most
significant action plan items and/or the majority of the action plan items have not been
addressed. These jurisdictions are Ghana, Indonesia, Pakistan, Tanzania, and
Thailand
* October 30, 2011 - FATF has to date identified 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 Algeria, Angola, Antigua & Barbuda, Argentina, Bangladesh,
Brunei, Cambodia, Ecuador, Honduras, Kyrgyzstan, Mongolia, Morocco,
Namibia, Nepal, Nicaragua, Paraguay, Philippines, Sudan, Tajikistan,
Trinidad & Tobago, Turkmenistan, Venezuela, Vietnam, Yemen and
Zimbabwe
* October 30, 2011 - FATF releases list of 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.
FATF calls on its members to consider the risks arising from the deficiencies associated
with Bolivia, Cuba, Ethiopia, Kenya, Myanmar, Nigeria, Sao Tome Sri
Lanka, Syria, and Turkey
October 30, 2011 - 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)
* October 30, 2011 - Ukraine is no longer subject to FATF’s monitoring process
under its on-going global AML/CFT compliance process.
October 30, 2011 - As part of its on-going review of compliance with the AML/CFT
standards, the FATF has released it's latest review: - Improving Global AML/CFT
Compliance: on-going process.
Read Review
October 28, 2011 - UNODC releases report 'Estimating illicit financial flows resulting
from drug trafficking and other transnational organized crimes'
Read Report (pdf file)
October 28, 2011 - Global Forum on Transparency and Exchange of Information for
Tax Purposes
Read More
October 26, 2011 - Anti-Money Laundering update extracted from IMF Report on
Australia (Click on Country name to go to web page to read report)
October 24, 2011 - Anti-money laundering reports/updates extracted from IMF reports
on Austria, Kuwait and Macau (Click on Country name to got to web page to read
report)
October 23, 2011 - Transparency International release 2011 East Africa Bribery index
Read more
October 20, 2011 - Transparency International: Breaking the chain: corruption and
human trafficking
Read More
October 20, 2011 - Transparency International: financial sector transparency needs
urgent overhaul
Read More
October 17, 2011 - Wolfsberg publishes 2011 Anti-Corruption Guidance
Read Report (pdf file)
October 13, 2011 - FinCEN releases October 2011 SAR Activity Review Trends, Tips
and Issues
Read Review (pdf file)
* October 13, 2011 - Mutual Evaluation Reports for Algeria and Jordan now
available. Click on country name to view FATF 40 + 9 recommendation scores and Key
Findings
* October 12, 2011 - Mutual Evaluation Reports for Kazakhstan, Marshall
Islands, and Turkmenistan now available. Click on country name to view FATF 40 + 9
recommendation scores and Key Findings
* October 11, 2011 - Mutual Evaluation Report for Afghanistan now available. Click
on country name to view FATF 40 + 9 recommendation scores and Key Findings.
* October 11, 2011 - Mutual Evaluation Report for the Maldives now available. Click
on country name to view FATF 40 + 9 recommendation scores and Key Findings.
* October 10, 2011 - Mutual Evaluation Report for Papua New Guinea now
available. Click on country name to view FATF 40 + 9 recommendation scores and Key
Findings.
* October 10, 2011 - Mutual Evaluation Report for Nepal now available. Click on
country name to view FATF 40 + 9 recommendation scores and Key Findings.
* October 10, 2011 - Mutual Evaluation report for Laos now available. Click on
country name to view FATF 40 + 9 recommendation scores and Key Findings.
October 7, 2011 - The U.S. Department of the Treasury's Financial Crimes
Enforcement Network (FinCEN) delivered to the Federal Register a final rule to implement
section 104(e) of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of
2010 (CISADA) to complement Treasury's ongoing efforts to protect the international
financial system from abuse by Iran.
Read Final Rule
October 6, 2011 - the EU Council amended Annex I to Regulation 356/2010 for
Somalia updating the list of persons and entities subject to restrictive measures.
October 6, 2011 - the EU Council implemented amendments to Regulation EU
968/2011 for Afghanistan in response to the amendments approved by the UN in August.
October 3, 2011 - 2011 Global Financial Centres Index published - London, New York
and Hong Kong remain as top 3. Asian, Nordic and Eastern European centres strengthen,
Eurozone centres weaken and Offshore centres recover.
Click here to view report
September 27, 2011 - USA (OFAC) issues General Licence 12 on Syria re
authorization of third-country diplomatic and consular funds transfers
September 29, 2011 - UN, EU and USA (OFAC) ease sanctions on Libya
September 28, 2011 - Executive Summaries re economic conditions extracted from
IMF reports on Iceland and South Africa (click on name to view)
September 26, 2011 - Executive Summaries re economic conditions extracted from
IMF reports on Chile, Congo and Suriname (click on country name to view)
September 20, 2011 - New peer review reports released focusing on legal
frameworks which allow for transparency and exchange of tax information for Andorra,
Anguilla, Antigua and Barbuda, Austria, Bahrain, BVI, Curaçao, Liechtenstein,
Luxembourg, Saint Kitts and Nevis and the Turks and Caicos Islands. Also
available is a review of the United Kingdom that also considers the exchange of
information in practice, and supplementary reviews of Belgium and the Cayman Islands.
* September 19, 2011 - 2011 Presidential Determination for Major Drug Producing
and Transit Countries released. Belize and El Salvador added to International Narcotics
Control Majors List. To view list of countries on list, click here.
Read Press release
September 17, 2011 - Executive Summaries re economic conditions extracted from
IMF reports on Cape Verde, Guinea and Rwanda (click on country name to view)
September 14, 2011 - Extract from IMF Report - United Kingdom: Anti-Money
Laundering/Combating the Financing of Terrorism (click on country name to view)
September 14, 2011 - Executive Summaries/Key Findings re economic conditions
extracted from IMF Reports on Mexico, South Korea, and the United Kingdom now
available (please click on country names to view)
September 12, 2011 - IMF releases report - Compliance with the AML/CFT
International Standard: Lessons from a Cross-Country Analysis
Click here to read report (pdf file)
September 8, 2011 - Tax Information Exchange agreements signed from June 14,
2011 to date: -
Bermuda - Argentina (22 August 20110, Czech Republic - Bermuda (15 August 2011),
Aruba - The Bahamas (8 August 2011), The Bahamas - Guernsey (8 August 2011),
Czech Republic - Isle of Man (18 July 2011), Czech Republic - Jersey (12 July 2011)
Australia - Costa Rica (1 July 2011), Sweden - Costa Rica (29 June 2011), Norway -
Costa Rica (29 June 2011), Denmark - Costa Rica (29 June 2011), Finland - Costa Rica
(29 June 2011), Iceland - Costa Rica (29 June 2011), Faroe Islands - Costa Rica (29
June 2011), Greenland - Costa Rica (29 June 2011), Slovenia - Isle of Man (27 June
2011), Isle of Man - Indonesia (22 June 2011), Japan - Isle of Man (21 June 2011),
Australia - Liechtenstein (21 June 2011)
September 6, 2011 - Executive Summaries/key findings re economic conditions
extracted from IMF Reports on Iran, Paraguay and Togo now available (please click
on country names to view)
September 3, 2011 - EU bans import of Syria oil
Read Press Release
September 3, 2011 - Executive Summaries re economic conditions extracted from IMF
reports on Burkina Faso, Kosovo and Kuwait now available (please click on country
names to view)
* Denotes Risk Banding/Index spread-sheets have been updated accordingly
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