Update Archives

17 October  -  Latest Mutual Evaluation Report for Antigua & Barbuda published

 

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​12 October 2018  -  FinCEN publishes "Advisory on the Iranian Regime’s Illicit and Malign Activities and Attempts to Exploit the Financial System"

Read Advisory here

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11 October 2018  -  Latest Mutual Evaluation Report for Dominican Republic published
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​8 October 2018  - OECD report  -  Anti-corruption reforms in Armenia
Read Key findings and access report
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1 October 2018  -  Our Country Ratings table has been updated to include Human Trafficking risks. This change has required us to adjust the weightings of some of the other risk factors that compile the Risk Rating table (these can be viewed in the Indicator Table on the Country Ratings table page).
View Country Ratings
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26 September 2018  -  US State Department imposed sanctions under CAATSA against third parties in China for dealing with blacklisted Russians.
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25 September 2018  -  Latest Mutual Evaluation Report for Saudi Arabia published
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19 September 2018  -  Latest Mutual Evaluation Report for Bahrain published
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11 September 2018  - Follow-up to FATF Mutual Evaluation Report for Belgium published

View new recommendation ratings scores

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31 August 2018  -  Latest Mutual Evaluation published for Latvia
View Recommendation scores
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23 August 2018 -  OECD: Major enlargement of the global network for the automatic exchange of offshore account information as over 100 jurisdictions get ready for exchanges
View Activated Exchange Relationships for CRS information
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14 August 2018  -  IMF Report:  Brazil - 2018 Article IV Consultation  -  includes information on corruption issues
Read Extract

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13 August 2018  -  OECD  -  Germany’s strong anti-bribery enforcement against individuals needs to be matched by comparably strong enforcement against companies

Read More and access report

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7 August 2018  -  US President Trump announces Executive Order, “Reimposing Certain Sanctions With Respect to Iran

Read EO and FAQs

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6 August 2018  -  FATF Report - Financial Flows from Human Trafficking

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30 July 2018  -  Follow-up to FATF Mutual Evaluation Report for Sweden published

View new recommendation ratings scores

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27 July 2018  -  FATF Report:  Professional Money Laundering

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24 July 2018  -  US State Department:  Risks for Businesses with Supply Chain Links to North Korea

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23 July 2018  -  FATF Report:  Concealment of Beneficial Ownership

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18 July 2018  -  FATF Report to G20 Finance Ministers and Central Bank Governors

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13 July 2018  -  IMF Report - Tunisia : Third Review under the Extended Fund Facility, and Request for Waiver of Applicability and Modification of Performance Criteria -  includes information on AML issues

Read Extract and access full report

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9 July 2018  -   FATF Paper: Public Consultation on the Draft Risk-Based Approach Guidance for the Securities Sector

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9 July 2018  -  Public Consultation on the Draft Risk-Based Approach Guidance for the Life Insurance Sector

 

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29 June 2018  - Outcomes FATF-MENAFATF Joint Plenary, 27-29 June 2018

Jurisdiction subject to a 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/FT) risks emanating from the jurisdictions:  -
North Korea
 
Jurisdiction subject to a FATF call on its members and other jurisdictions to apply enhanceddue diligence measures proportionate to the risks arising from the jurisdiction: -
Iran
 
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: -
Ethiopia   Pakistan   Serbia   Sri Lanka   Syria    Trinidad & Tobago    Tunisia    Yemen
 
Jurisdiction no longer subject to the FATF’s on-going global AML/CFT compliance process: -
Iraq   Vanuatu  
 
Brazil’s progress in addressing the deficiencies identified in its mutual evaluation report
 
View all other outcomes

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26 June 2018  -  OECD  -  Norway has successfully enforced its foreign bribery laws but faces potential obstacles

Read More and Access Report

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20 June 2018  -  Extract from IMF Report  -  Sri Lanka : 2018 Article IV Consultation and the Fourth Review Under the Extended Arrangement Under the Extended Fund Facility - includes information on corruption and AML issues

Read Extract

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14 June 2018  -  Extract from IMF Report - Romania : Financial Sector Assessment Program  -  includes information on AML issues

Read Extract

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7 June 2018  -  IMF Report  -  Guinea- Bissau : Fifth Review Under the Extended Credit Facility Arrangement, Request for Extension and Augmentation of Access, and Financing Assurances  -  includes information on corruption and AML issues

Read Extract and access full report

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6 June 2018  -  IMF Report:  Samoa : 2018 Article IV Consultation  -  includes information on AML issues

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4 June 2018  -  IMF Report:  Mali : 2018 Article IV Consultation and Eighth and Ninth Reviews Under the Extended Credit Facility Arrangement  -  includes information on corruption and AML issues

Read Extract and access full report

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​1 June 2018  -  Latest Mutual Evaluation Report published for Sri Lanka

Read Key Findings

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30 May 2018  -  The Bahamas and St Kitts and Nevis removed from EU Tax Blacklist

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22 May 2018 OFAC issues a new Executive Order relating to Venezuela (Prohibiting Certain Additional Transactions)

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17 May 2018  -  Extract from IMF Report: The Bahamas : 2018 Article IV Consultation - includes information on AML issues

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10 May 2018  -  President Trump announced that the United States is withdrawing from the Joint Comprehensive Plan of Action, under which certain sanctions were suspended in exchange for limitations on Iran’s nuclear program

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7 May 2018  -  UK government has agreed to calls for new measures aimed at increasing transparency in British overseas territories to publish details of the true owners of companies based there

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3 May 2018  -  OECD - Global Cooperation on Tax Transparency and Exchange of Information Annual Report 2017

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1 May 2018  -  Latest Mutual Evaluation Report published for Ghana

Read Key Findings

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26 April 2018  -  2018 World Press Freedom Index  -  Reporters Without Borders

View Freedom Index

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25 April 2018  -  IMF Report:  Cabo Verde : Selected Issues Paper -  includes information on corruption and AML issues

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16 April 2018  -  Latest Mutual Evaluation Report published for Iceland

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​6 April 2018  -  OECD Report  -  Poland must make urgent legislative reforms to combat foreign bribery

 

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3 April 2018  -  IMF Report:  Islamic Republic of Iran: Selected Issues – includes information on AML and Corruption issues

Read Extract and access full report

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29 March 2018  -  OECD Report - Switzerland’s significant foreign bribery enforcement should be accompanied by harsher penalties and private sector whistleblower protection

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23 March 2018  -  US State Department publishes 2018 INCS Money Laundering Report. ArmeniaBelgium, CyprusMacauMozambique and  Switzerland added to this year's list of Major Money Laundering Jurisdictions.
GreeceGrenadaIraqNorth Korea and  Timor Leste removed from list.

 

The full list of Major Money Laundering Jurisdictions is as follows: -

Afghanistan, Albania, Algeria, Antigua and Barbuda, Argentina, Armenia, Aruba, Azerbaijan, Bahamas, Barbados, Belgium, Belize, Benin, Bolivia, Bosnia and Herzegovina, Brazil, British Virgin Islands, Burma, Cabo Verde, Cambodia, Canada, Cayman Islands, China, Colombia, Costa Rica, Cuba, Curacao, Cyprus, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Georgia, Ghana, Guatemala, Guinea - Bissau, Guyana, Haiti, Honduras, Hong Kong, India, Indonesia, Iran, Italy, Jamaica, Kazakhstan, Kenya, Kyrgyz Republic, Laos, Lebanon, Liberia, Macau, Malaysia, Mexico, Morocco, Mozambique, Netherlands, Nicaragua, Nigeria,

Pakistan, Panama, Paraguay, Peru, Philippines, Portugal, Russia, Senegal, Serbia, Sint Maarten, South Africa, Spain, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Suriname, Switzerland, Tajikistan, Tanzania, Thailand, Trinidad and Tobago, Turkey, Turkmenistan, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Venezuela, and Vietnam.

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21 March 2018  -  IMF Report:  Namibia : Financial System Stability Assessment  -  includes information on money laundering issues
Read Extract
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​13 March 2018  - The EU adds the Bahamas, the U.S. Virgin Islands and Saint Kitts and Nevis to the EU blacklist of tax havens
Bahrain, the Marshall Islands and Saint Lucia, are removed from the Blacklist.
Anguilla, the British Virgin Islands, Dominica and Antigua and Barbuda are added to the ‘Greylist’
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8 March 2018  -  IMF Report - Republic of Mozambique: Selected Issues -  includes information on corruption and AML issues
Read Extracts
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7 March 2018  -  OECD Report - Illicit Financial Flows: The economy of illicit trade in West Africa
 
Read Report
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6 March 2018  -  FATF Guidance on Counter Proliferation Financing
Read Guidance
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2 March 2018  -  IMF Report:  Somalia : 2017 Article IV Consultation - includes information on AML/CFT issues
Read Extracts
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1 March 2018  -  2017 Asia Pacific Group Yearly Typologies Report published
Read Emerging Trend information for  AustraliaFijiMalaysia and Singapore
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Outcomes Joint FATF/GAFILAT Plenary, 21-23 February 2018
Jurisdiction subject to a 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/FT) risks emanating from the jurisdictions:  -
North Korea
 
Jurisdiction subject to a FATF call on its members and other jurisdictions to apply enhanceddue diligence measures proportionate to the risks arising from the jurisdiction: -
Iran
 
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: -
Ethiopia    Iraq    Serbia   Sri Lanka   Syria    Trinidad & Tobago    Tunisia    Vanuatu   Yemen
 
Jurisdiction no longer subject to the FATF’s on-going global AML/CFT compliance process: -
Bosnia
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22 December 2017  -  Austria  - The 1st Enhanced Follow-up Report & Technical Compliance Re-Rating was completed in December 2017
Read Conclusions
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19 December 2017  -  We have amended weightings in our Country Ratings table to reflect EU tax blacklist
Go to Country Ratings Table
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13 December 2017  -  The EU has renewed its sanctions against the Democratic Republic of the Congo until 12 December 2018. The sanctions target 16 individuals and consist of an asset freeze as well as a ban on entering the EU
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12 December 2017  -  Latest Mutual Evaluation Report published for Portugal
Read Key Findings
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8 December 2017  -  EU imposes arms embargo on Venezuela
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6 December 2017  -  European Union finance ministers adopt a Blacklist of  non-cooperative jurisdictions for tax purposes. The jurisdictions on the Blacklist are American Samoa,  BahrainBarbadosGrenadaGuam,    MacauMarshall Islands, MongoliaNamibiaPalauPanamaSaint LuciaSamoa, South Korea, Trinidad and TobagoTunisia and  United Arab Emirates 
A secondary list, or greylist, of jurisdictions has also been issued which lists jurisdictions which have agreed to introduce the relevant changes in their tax legislation in order to comply with the EU screening criteria. The jurisdictions are Albania, Andorra, Armenia, Aruba, Belize, Bermuda, Bosnia and Herzegovina, Botswana, Cabo Verde, Cayman Islands, Cook Islands, Curaçao, Faroe Islands Fiji, Greenland,  Guernsey,  Hong Kong SAR,  Isle of Man, Jamaica, Jersey, Jordan, Labuan, Liechtenstein, Macedonia,  Malaysia,  Maldives, Mauritius,  Montenegro,  Morocco, Nauru, New Caledonia, Niue, Oman, Peru, Qatar, Saint Vincent and the Grenadines, San Marino, Serbia, Seychelles, Swaziland, Switzerland, Taiwan, Thailand, Turkey, Uruguay, Vanuatu and Vietnam.
 
It should also be noted that due to the hurricanes that affected the Caribbean region in September 2017, the screening process has been put on hold until 2018 for the following jurisdictions -  Anguilla, Antigua and Barbuda, Bahamas, British Virgin Islands, Dominica, Saint Kitts and Nevis, Turks and Caicos Islands, US Virgin Islands
Read EU Council Conclusions on the list of non-cooperative jurisdictions for tax purposes 
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4 December 2017  -  US Department of Treasury: Release of the 2016 Terrorist Assets Report 
Read Report
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1 December 2017  -  IMF Report -  Spain : Financial Sector Assessment Program-Technical Note-Supervision of Spanish Banks (includes information on AML issues)  
Read Extract
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​27 November 2017  -  OECD Report:  Sweden’s Laws on Corporate Responsibility for International Bribery need Urgent Reform
Read More
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24 November 2017  -  IMF Report:  Trinidad & Tobago: 2017 Article IV Consultation (includes information on AML issues)  
 
Read Extract
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23 November 2017  -  OECD: Data on enforcement of the Anti-Bribery Convention
Read More
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16 November 2017  -  Latest Mutual Evaluation Report published for Nicaragua
 
Read Key Findings
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10 November 2017  -  Latest Mutual Evaluation Report published for Botswana
 
Read Key Findings
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10 November 2017  -  Latest Mutual Evaluation Report published for Mongolia
 
Read Key Findings
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7 November 2017  -  Latest Mutual Evaluation Report published for Cambodia
 
Read Key Findings
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Outcomes Joint FATF/GAFILAT Plenary, 1-3 November 2017
Jurisdiction subject to a 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/FT) risks emanating from the jurisdictions:  -
 
North Korea
 
Jurisdiction subject to a FATF call on its members and other jurisdictions to apply enhanceddue diligence measures proportionate to the risks arising from the jurisdiction: -
 
Iran
 
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: -
Bosnia and Herzegovina    Ethiopia    Iraq    Sri Lanka   Syria    Trinidad & Tobago    Tunisia    Vanuatu   Yemen
 
Jurisdiction no longer subject to the FATF’s on-going global AML/CFT compliance process: -
Uganda
 
Other Matters: -
 
Combatting terrorist financing, including the adoption of a report on the financing of recruitment for terrorist purposes Information sharing, including the adoption of revisions to Recommendations 18 and 21 on information sharing, and the adoption of guidance on private sector information sharing Adoption of a supplement to the 2013 FATF Guidance on AML/CFT Measures and Financial Inclusion
 
The mutual evaluation reports of Mexico and Portugal
 
The follow-up report for the mutual evaluation of Austria Brazil’s progress in addressing the deficiencies identified in its mutual evaluation reports, since the FATF statement of June 2017 Two public documents identifying jurisdictions that may pose a risk to the international financial system 

Approval of a statement about the proliferation financing risk emanating from the Democratic People’s Republic of Korea, stressing global obligations and the importance of robust implementation of the FATF standards and relevant UN Security Council Resolutions.
 
AML/CFT improvements in Uganda.
 
Revisions to the Methodology Strengthening FATF’s institutional basis, governance and capacity
 
Outcomes of the meeting of the Forum of FATF Heads of Financial Intelligence Units (FIUs), which was held in the margins of the Plenary Publication of a statement expressing FATF’s strong support for responsible financial innovation in line with the FATF Standards, and exploration of opportunities that new financial and regulatory technologies present for improving the effective implementation of AML/CFT measures.
 
FATF/GAFILAT Outreach to Prosecutorial Services and Criminal Justice Systems
 
GAFILAT Private Sector engagement
 
Activities of the FATF Training and Research Institute in Busan, Korea
 
Read Full Report
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30 October 2017  -  OFAC - Publication of Amended Global Terrorism Sanctions Regulations
Read More
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27 October 2017  -  Agenda for Joint FATF / GAFILAT Plenary week from 29 October-03 November 2017
View Agenda
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16 October 2017  -  Corruption snapshots published by GAN Integrity now included in our Country Reports
Access GAN Integrity Business Anti-Corruption Portal website
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13 October 2017  -  Nigeria suspended from Egmont Group of Financial Intelligence Units 
Read Extract 
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12 October 2017  -  The annual cost of bribery — just one subset of corruption — is estimated to be between 1.5 to 2 trillion dollars — roughly two percent of global GDP says Christine Lagarde, IMF Managing Director
Read speech
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11 October 2017  -  Country reports on the implementation of the OECD Anti-Bribery Convention
Access reports
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6 October 2017  -  IMF Report  -  Japan: Financial Sector Assessment Program-Detailed Assessment of Observance on Basel Core Principles for Effective Banking Supervision  -  includes information on AML issues
Read Extract and access full report
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28 September 2017  -   IMF Report: Belize - 2017 Article IV Consultation-Press Release: Strengthening the Financial System  -  includes information on AML issues
Read Extract and access full report
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27 September 2017  -  US expands sanctions against North Korea
Read more
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22 September 2017  -  MoneyVal Plenary on the evaluation of anti-money laundering measures and the financing of terrorism held in May/June 2017. Updates on progress since last Mutual Evaluation Reports for Bulgaria, Lithuania, Poland, Romania and Slovakia. Click on Country name to view.
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18 September 2017  -  93 Country Reports in our Premium Content Area updated with latest US State Department Reports on Terrorism
Access Premium Content Area
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11 September 2017  -  Latest Mutual Evaluation Report published for Slovenia
Read Key Findings
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11 September 2017  -  Latest Mutual Evaluation Report published for the Bahamas
Read Key Findings
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9 September 2017  -  OECD Report: Fighting the Crime of Foreign Bribery
Read Report
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7 September 2017  -  Latest Mutual Evaluation report published for Ireland
Read Key Findings
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7 September 2017  -  KnowYourCountry Country Rating's table data sources updated to include transparency and exchange of information for tax purposes
Go to Country Ratings table
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22 August 2017  -  Latest Mutual Evaluation report published for Denmark
Read Key Findings
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10 August 2017  -  You will see that we have upgraded our website. Some further changes will occur over the next few weeks. Should you have any questions or comments, please do not hesitate to contact us
 
14 July 2017  -  Country reports on the implementation of the OECD Anti-Bribery Convention

Go to OECD site
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24 June 2017  -  Outcomes of the FATF Plenary meeting, Valencia, 21-23 June 2017: -

Jurisdiction subject to a 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/FT) risks emanating from the jurisdictions: -

North Korea

Jurisdiction 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: -

Iran

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: -

Bosnia and Herzegovina   Ethiopia   Iraq   Syria   Uganda   Vanuatu   Yemen

Jurisdictions no longer subject to the FATF’s on-going global AML/CFT compliance process

Afghanistan  and   Laos

Read Full Statement
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24 June 2017  -  Outcomes of the FATF Plenary meeting, Valencia, 21-23 June 2017 -  
Statement on Brazil’s progress in addressing the deficiencies identified in its mutual evaluation
reports, since the FATF’s statement of February 2017

Read More
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24 June 2017  -  Outcomes of the FATF Plenary meeting, Valencia, 21-23 June 2017: -

-   Work on combating terrorist financing, which remains a priority for the FATF: -
-   Work on improving transparency and beneficial ownership
-   Adoption of the Report to the G20 Leaders’ Summit
-   Impact of recent FATF work on de-risking
-   Discussion of the mutual evaluation reports of Denmark and Ireland
-   Adoption of a revision to the interpretative note to Recommendation 7 (Targeted Financial
Sanctions Related to Proliferation)
-   Proposals to strengthen FATF’s institutional basis, governance and capacity
-   Outcomes of the meeting of the FATF Forum of Heads of Financial Intelligence Units, that
was held in the margins of the Plenary
-   Update on the activities of the FATF Training and Research Institute in Busan, Korea

Read More
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5 June 2017  - Saudi Arabia, Bahrain, the United Arab Emirates UAE, Egypt, Yemen, Libya's
eastern-based government and the Maldives all cut diplomatic ties with Qatar following
accusations that Qatar backs militant groups including so-called Islamic State (IS) and al-Qaeda.

Read more
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1 June 2017  -  Outcome of MONEYVAL's 53rd Plenary meeting

MONEYVAL held its 53rd plenary meeting in Strasbourg from 30 May to 1 June 2017.

At this meeting, the Plenary, inter alia:

- discussed and adopted the 5th round MER and its executive summary on Slovenia;

- took note of the compliance reports of Montenegro under the Compliance Enhancing
Procedures, and invited the country to submit a further report at the 54th Plenary (26-28
September 2017);

- took note of the follow-up reports by Bulgaria, Lithuania, Poland, and the Slovak Republic
under the 4th round of mutual evaluations;

- took note of an interim report by Romania under the 4th round of mutual evaluations;

- heard an updated analysis from the Secretariat on the follow-up procedure of the Terrorist
Financing Fact-Finding Initiative, and decided to remove from the procedure the following two
countries: Lithuania and Poland;

- heard two presentations on threats and new trends of terrorist financing in light of recent
terrorist attacks;

- heard a presentation on disrupting financial flows associated with slavery, human trafficking,
forced labour and child labour;

- had an exchange of views with experts on the gender-dimension of money laundering;

- heard presentations on the Council of Europe Convention on the Manipulation of Sport
Competitions and the Council of Europe Convention on offences relating to Cultural Property;

- adopted the follow-up template for its 5th round of mutual evaluations; and

- hosted within the margins of the Plenary a workshop on the "EGMONT Group / World Bank /
UNODC - GPML project on FIU cooperation with law enforcement and prosecutors”

Please note that MoneyVal will arrange for reports adopted for each of the above mentioned
jurisdictions to be available shortly.
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28 April 2017  -  Latest Mutual Evaluation Report for Sweden published

Read Key Findings
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8 April 2017  -  US State Department publishes 2017 reports for Jurisdictions deemed to be of Primary Concern with regard to Money Laundering - Relevant Reports updated
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8 April 2017  -  US State Department publishes 2017 Narcotics reports for countries deemed
to be of higher risk - Relevant Reports updated
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24 March 2017  -  IMF Report:  Somalia: 2016 Article IV Consultation - includes information
on AML issues

Read extract and access full Report
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14 March 2017  -  IMF Report:  Islamic Republic of Iran: Selected Issues - includes
information on AML issues

Read Extract and access full Report
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5 March 2017  -  Latest Mutual Evaluation report published for the Isle of Man
Read Key findings
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3 March 2017  -  Latest Mutual Evaluation report published for Guatemala
Read Key Findings
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25 February 2017  -  Outcomes of the FATF Plenary meeting, Paris, 22-24 February 2017: -

Jurisdiction subject to a 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/FT) risks emanating from the jurisdictions: -

North Korea

Jurisdiction 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: -

Iran

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   Bosnia and Herzegovina   Ethiopia   Iraq   Laos   Syria   Uganda   
Vanuatu   Yemen


Read Full Statement
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25 February 2017  -  Outcomes of the FATF Plenary meeting, Paris, 22-24 February 2017: -

Statement on Brazil’s progress in addressing the deficiencies identified in its mutual evaluation reports, since the FATF’s statement of October 2016.

Read Statement
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25 February 2017  -  Outcomes of the FATF Plenary meeting, Paris, 22-24 February 2017: -    

-  Work on terrorist financing, which continues to be a priority for the FATF
-  FATF work on improving transparency and beneficial ownership
-  Impact of recent FATF work on de-risking
-  Forum of the Heads of FATF Financial Intelligence Units
-  Update on the activities of the FATF Training and Research Institute in Busan, Korea

Read More
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