CONCEPTS

FATF STATUS

 

After each FATF Plenary meeting, usually held in February, June and 

October each year, FATF publishes a list of countries that they have identified to have strategic deficiencies in their AML/CFT systems.The list is currently divided into the following categories:

 

  -   Jurisdictions subject to a FATF call on its members and other jurisdictions to apply counter-measures to protect the international financial system from the ongoing and substantial money laundering and financing of terrorism (ML/FT) risks. (as at October 2018 - North Korea)

 

  =   Jurisdictions subject to a FATF call on its members and other jurisdictions to apply enhanced due diligence measures proportionate to the risks arising from the jurisdiction (as at October 2018 - Iran)

 

  -   Jurisdictions with strategic deficiencies but who have made a high-level political commitment to work with the FATF to strengthen the effectiveness of their AML/CFT regimes (as at October 2018 - The Bahamas, Botswana, Ethiopia, Ghana, Pakistan, Serbia, Sri Lanka, Syria, Trinidad and Tobago, Tunisia and Yemen).