Regulatory Alerts2017-08-25 | 29558Added · Updated
FATF Advisory on Jurisdictions with Strategic AML/CFT Deficiencies
The Central Bank of Trinidad and Tobago advises regulated entities to apply enhanced scrutiny when transacting business with entities in Iran, the Democratic People's Republic of Korea, and fourteen other jurisdictions identified by the FATF as having strategic AML/CFT deficiencies. The document lists Iran and the DPRK as subjects to counter-measures, while classifying Ecuador, Ethiopia, Indonesia, Kenya, Myanmar, Nigeria, Pakistan, Sao Tome and Principe, Syria, Tanzania, Turkey, Vietnam, and Yemen as high-risk jurisdictions. This directive was issued following the FATF's XXIV Plenary in Paris on 20 February 2013.
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