Regulatory Alerts2017-08-24 | 29524Added · 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 specific high-risk countries including Ecuador, Ethiopia, Indonesia, Kenya, Myanmar, Nigeria, Pakistan, Sao Tome and Principe, Syria, Tanzania, Turkey, Vietnam, and Yemen. This directive requires increased vigilance from banks, non-banks, insurance companies, and other financial institutions to mitigate money laundering and terrorist financing risks.
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