Regulatory Alerts2024-01-03
Added · Updated
Financial Action Task Force Public Statement on List of Jurisdictions under Increased Monitoring 27 October 2023
The Financial Action Task Force updated its list of jurisdictions under increased monitoring by adding Bulgaria and reviewing the status of Albania, Barbados, Burkina Faso, Cayman Islands, Democratic Republic of Congo, Gibraltar, Haiti, Jamaica, Jordan, Mali, Mozambique, Nigeria, Panama, Philippines, Senegal, South Africa, South Sudan, Tanzania, Türkiye, UAE, and Uganda. Progress reports for Cameroon, Croatia, Syria, and Vietnam were deferred, meaning their previous statements remain in effect but may not reflect current AML/CFT regime status. The Securities Commission of The Bahamas requires its licensees and registrants to incorporate the money laundering, terrorist financing, and proliferation financing risks associated with these jurisdictions into their business relationship and transaction risk assessments.