Updates

Daily Newsletter

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Reports / Website Updates  
 
24 October 2020  -  Outcomes FATF Plenary, 21-23 October 2020
High-Risk Jurisdictions subject to a Call for Action:  -
North Korea
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: -
Albania   Bahamas  Barbados   Botswana   Cambodia   Ghana   Jamaica   Mauritius    Myanmar   Nicaragua   Pakistan   Panama   Syria   Uganda   Yemen  and  Zimbabwe
Iceland and Mongolia removed from list
 
Outcomes of FATF Plenary
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8 October 2020  -  EU list of non-cooperative jurisdictions for tax purposes: Anguilla and Barbados added to list, Cayman Islands and Oman removed
Read More (EU Council website)
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4 October 2020  -  Follow-ups to Mutual Evaluation Reports published for China and Sweden
View findings (Membership Area)
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18 September 2020  -  Follow-ups to Mutual Evaluation Reports published for Mongolia, Myanmar and the Philippines
View findings (Membership Area)
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16 September 2020  -  FATF Report  -  Virtual Assets Red Flag Indicators of Money Laundering and Terrorist Financing
Read Report
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6 September 2020  - IMF Report  -  Republic of Serbia : Fourth Review under the Policy Coordination Instrument - includes information on AML issues
View Extract (Membership Area)
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20 August 2020  - IMF Report  -  Norway : Financial Sector Assessment Program-Technical Note-Banking Regulation and Supervision
View Extract (Membership Area)
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19 August 2020  -  FATF Webinar on COVID-19 and the Changing Money Laundering and Terrorist Financing Risk Landscape
Watch webinar recording
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12 August 2020  - US updates Sudan Program and Darfur Sanctions Guidance as of August 11, 2020
View Guidance (Membership Area)
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4 August 2020  - IMF Report  -  Italy : Financial Sector Assessment Program-Technical Note-Banking Regulation and Supervision and Bank Governance 
View Extract (Membership Area)
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29 July 2020  -  FATF Webinar on Money Laundering and the Illegal Wildlife Trade
Watch webinar recording
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21 July 2020  -  US releases Executive Order suspending or eliminating different and preferential treatment for Hong Kong 
Read Executive Order
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15 July 2020  -  FATF Report  -  Private Sector Business Bulletin
Read Report
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8 July 2020  -  FATF releases: 12 Month Review of Revised FATF Standards - Virtual Assets and VASPs
Read review
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5 July 2020  -  US State Department releases 2020 Trafficking in Persons Report
View Tier Placements 
View Country Narratives (Membership Area)
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30 June 2020  -  Outcomes FATF Virtual Plenary, 24 June 2020

In April, in response to the COVID-19 crisis, the FATF decided on a general pause in the review process for the list of High-Risk Jurisdictions subject to a Call for Action and Jurisdictions subject to Increased Monitoring, by granting jurisdictions an additional four months for deadlines. However, Iceland and Mongolia requested to maintain their original schedule. 

Read Reports for Iceland and Mongolia

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26 June 2020  -  FATF Report  -  Money Laundering and the Illegal Wildlife Trade
Read Report
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18 June 2020 - IMF Report: Austria : Publication of Financial Sector Assessment Program Documentation-Technical Note on Anti-Money Laundering and Combating the Financing of Terrorism
View Executive Summary (Membership Area)
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3 June 2020 - IMF Report: Moldova - Selected Issues - includes information on AML and Corruption issues
View Extract (Membership Area)
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20 May 2020 - IMF Report: Panama - Selected Issues - includes information on AML issues
View Extract (Membership Area)
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1 May 2020  -  Mutual Evaluation Report for the United Arab Emirates published
View findings (Membership Area)
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29 April 2020  -  Statement by the FATF President: COVID-19 and measures to combat illicit financing
Read Statement
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20 April 2020  -  Mutual Evaluation Report for South Korea published
View findings (Membership Area)
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20 April 2020  -  Follow-up Mutual Evaluation Report for the United States published
View findings (Membership Area)
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13 April 2020  -  Statement by the FATF President: COVID-19 and measures to combat illicit financing
Read Statement
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3 April 2020  -  2020 INCSR Drug and Chemical Control Report published  by US State Department. 
Country reports in Membership area updated
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20 March 2020  -  2020 INCSR  Money Laundering Report published by US State Department. Serbia removed from list of countries deemed to be Major Money Laundering Jurisdictions. The following countries have been identified as major money laundering jurisdictions, and their profiles have been updated: -
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, Canada, Cayman Islands, China, Colombia, Costa Rica, Cuba, Curacao, Cyprus, Dominica, Dominican Republic, Ecuador, El Salvador, Georgia, Ghana, Guatemala, Guyana, Haiti, Honduras, Hong Kong, India, Indonesia, Iran, Italy, Jamaica, Kazakhstan, Kenya, Kyrgyz Republic, Laos, Liberia, Macau, Malaysia, Mexico, Morocco, Mozambique, Netherlands, Nicaragua, Nigeria, Pakistan, Panama, Paraguay, Peru, Philippines, Russia, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Senegal, Sint Maarten, Spain, Suriname, Tajikistan, Tanzania, Thailand, Trinidad and Tobago, Turkey, Turkmenistan, Ukraine, United Arab Emirates, United Kingdom, United States, Uzbekistan, Venezuela, and Vietnam country profiles updated
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16 March 2020  -  Latest Mutual Evaluation Reports for Mali published
View findings (Membership Area)
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9 March 2020  -  FATF Guidance on Digital ID
Read Report
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2 March 2020  -  Relatively minor changes in country scores in Country Ratings table to reflect latest World Governance indicators
View updated Country Ratings table
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22 February 2020  -  Outcomes FATF Plenary, 9-21 February 2020
High-Risk Jurisdictions subject to a Call for Action:  -
North Korea
 
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: -
Albania   Bahamas  Barbados  Botswana   Cambodia   Ghana   Iceland   Jamaica   Mauritius  Mongolia  Myanmar   Nicaragua  Pakistan   Panama   Syria   Uganda   Yemen  and  Zimbabwe
Trinidad & Tobago removed from list
 
Outcomes of FATF Plenary
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19 February 2020  -  EU Council revises its list of non-cooperative tax jurisdictions to include the Cayman Islands, Palau, Panama and the Seychelles
 
View findings (Membership Area)
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18 February 2020  -  Latest follow-up Mutual Evaluation Report for Switzerland published
View findings (Membership Area)
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17 February 2020  -  Latest Mutual Evaluation Reports for Cyprus and Gibraltar published
View findings (Membership Area)
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9 February 2020  -  Latest Mutual Evaluation Reports for Belarus, Jordan, Turks & Caicos and Uruguay published
View findings (Membership Area)
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8 February 2020  -  Latest follow-up Mutual Evaluation Reports for Andorra, Hungary, Serbia and Slovenia published
View findings (Membership Area)
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5 February 2020  -  Transparency International Perceptions Index and World Governance Indicators Control of Corruption scores updated for all countries
Country Ratings Table
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5 February 2020  -  CFATF Public Statement on Sint Maarten
 
Read More 
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2 February 2020  -  IMF Report - Canada : Financial Sector Assessment Program-Technical Note-Oversight of Financial Market Infrastructures and Fintech Development - includes information relating to Crypto-assets and AML issues
Read Extract (Membership Area)
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28 January 2020  -  Latest follow-up for Mutual Evaluation Reports for AlbaniaKyrgyzstan  and Latvia published
View findings (Membership Area)
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21 January 2020  -  Latest Mutual Evaluation Report for Bermuda published
View findings (Membership Area)
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21 January 2020  -  Latest follow-up Mutual Evaluation Reports for Saudi Arabia published
View findings (Membership Area)
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16 January 2020  -  Latest follow-up Mutual Evaluation Reports for Tunisia published
View findings (Membership Area)
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15 January 2020  -  ​Issuance of US Executive Order of January 10, 2020, "Imposing Sanctions With Respect to Additional Sectors of Iran​"
Read Key Points (Membership Area)
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13 January 2020  -  Updates for scoring for Aruba (full removal from EU tax blacklist), Dominica (full removal from EU tax blacklist), Ethiopia (although removed from FATF AML deficiency list, still on EU list), Maldives (lifting of sanctions), Sri Lanka (although removed from FATF AML deficiency list, still on EU list) and Tunisia (although removed from FATF AML deficiency list, still on EU list) reflected in out country ratings table
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3 January 2020  -  US State Department release World Military Expenditures and Arms Transfers, 2019 edition
Read Overview and access all relevant documents
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28 December 2019  -  Latest Mutual Evaluation Reports for the Russian Federation and Turkey published                    
 
Read Key Findings (Membership Area)
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20 December 2019  -  IMF Report - Iceland : 2019 Article IV Consultation - includes information relating to AML issues
Read Extract (Membership Area)
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10 December 2019  -  IMF Report  -  Belize : 2019 Article IV Consultation: Staff Report - includes information relating to AML issues
Read Extracts (Membership Area)
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8 December 2019  -  Latest follow-ups for Mutual Evaluation Reports for Norway and Spain published
Read Key Findings (Membership Area)
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4 December 2019  -  FATF: Tackling the illegal wildlife trade as a financial crime
Read Report
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26 November 2019  -  US State Department publishes Country Reports on Terrorism
Read Reports (Membership Area)
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22 November 2019  -  Latest follow-ups for Mutual Evaluation Reports for Denmark, Ethiopia, Ireland, Mauritius, Singapore and Zimbabwe published
Read Key Findings (Membership Area)
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22 November 2019 - Belize removed from EU Council tax blacklist 
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20 November 2019  -  Latest Mutual Evaluation Reports for Malawi and the Philippines published                    
 
Read Key Findings (Membership Area)
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12 November 2019  -  FATF Business Bulletin November 2019
Read Bulletin
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6 November 2019  -  IMF Report: Financial sector Assessment Program - Technical note—Anti-Money Laundering and Combating the Financing of Terrorism regime in France  
Read Executive Summary and access full report (Membership Area)
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31st October 2019  -  Latest Mutual Evaluation Reports for PakistanSolomon Islands and Taiwan published                    
 
Read Key Findings (Membership Area)
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29 October 2019  -  FATF Report:  Best practices on beneficial ownership for legal persons
Read Report
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24 October 2019  -  The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) Removes Sanctions Imposed on Turkish Ministries and Senior Officials 
Read Press release
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23 October 2019  -  FATF Report: Money laundering risks from “stablecoins” and other emerging assets
Read More
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20 October 2019  - Outcomes FATF Plenary, 16-18 October 2019
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: -
Bahamas   Botswana   Cambodia   Ghana   Iceland    Mongolia   Pakistan  Panama   Syria    Trinidad & Tobago  Yemen  and  Zimbabwe
Ethiopia,  Sri Lanka and Tunisia removed from list
FATF issue statement on Brazil's continued failure to remedy the serious deficiencies identified in its third mutual evaluation report
Outcomes of FATF Plenary
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17 October 2019  -  Marshall Islands and UAE removed from EU Tax Blacklist. EU Council also finds Albania, Costa Rica, Mauritius, Serbia and Switzerland to be compliant with all commitments on tax cooperation and therefore removes them from the 'grey list'.
Read Press Release
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16 October 2019  - The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposes sanctions against two ministries and three senior Turkish Government officials in response to Turkey’s military operations in Syria. 
Read Key Findings (Membership Area)
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9 October 2019  -  Latest follow-ups to Mutual Evaluation Report for Macau, Mongolia and Sri Lanka
 
Read Key Findings (Membership Area)
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4 October 2019  -  OECD News Release  -  Japan must urgently address long-standing concerns over foreign bribery enforcement
Read Key Findings (Membership Area)
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25 September 2019  -  Latest follow-ups to Mutual Evaluation Report for the Isle of Man and Ukraine published                  
 
Read Key Findings (Membership Area)
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25 September 2019  -  Latest Mutual Evaluation Reports for Malta and Moldova published                
 
Read Key Findings (Membership Area)
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24 September 2019  -  FATF Paper  -  Money laundering and terrorist financing risks - includes links to examples of published national and regional risk assessments
Read Paper
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17 September 2019  -  New U.S. Executive Order updates the existing regime for sanctions on terrorist groups, their finance, support structures and training
Read Executive Order
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11 September 2019  -  Latest follow-ups to Mutual Evaluation Report for Dominican Republic and Panama published                    
 
Read Key Findings (Membership Area)
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5 September 2019  -  Latest Mutual Evaluation Report for Hong Kong published                    
 
Read Key Findings (Membership Area)
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5 September 2019  -  Latest Mutual Evaluation Report for Greece published                    
 
Read Key Findings (Membership Area)
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5 September 2019  -  Latest follow-up to Mutual Evaluation Report for Iceland published                    
 
Read Key Findings (Membership Area)
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5 September 2019  -  Latest follow-up to Mutual Evaluation Report for Botswana published                    
 
Read Key Findings (Membership Area)
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4 September 2019  -  IMF Reports for LatviaLaos and Guinea - includes information relating to AML and corruption issues
Read Extracts (Membership Area)
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28 August 2019  -  IMF Report  -  Mozambique2019 Diagnostic Report on Transparency, Governance and Corruption - includes information relating to AML and corruption issues
Read Extract (Membership Area)
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25 August 2019  -  Latest follow-ups to Mutual Evaluation Reports for Bangladesh, Cambodia, Fiji and Myanmar published                    
 
Read Key Findings (Membership Area)
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23 August 2019  -  Latest Mutual Evaluation Report for Cabo Verde (Cape Verde) published                    
Read Key Findings (Membership Area)
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15 August 2019  -  IMF Report  -  Dominican Republic: 2019 Article IV Consultation - includes information relating to AML issues
Read Extract (Membership Area)
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9 August 2019  -  Latest Mutual Evaluation Report for Senegal published                    
Read Key Findings (Membership Area)
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9 August 2019  -  Latest Mutual Evaluation Report for Haiti published                    
Read Key Findings (Membership Area)
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8 August 2019  -  Latest Mutual Evaluation Report for Burkina Faso published                    
Read Key Findings (Membership Area)
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1 August 2019  -  Latest Mutual Evaluation Report for Morocco published                    
Read Key Findings (Membership Area)
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31 July 2019  -  Latest Mutual Evaluation Report for Mauritania published                    
Read Key Findings (Membership Area)
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26 July 2019  -  Latest Mutual Evaluation Report for Zambia published                    
Read Key Findings (Membership Area)
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26 July 2019  -  Latest update to Mutual Evaluation Report for Zimbabwe
View Recommendation assessments (Membership Area)
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