top of page
  • Writer's pictureDeborah

On June 25, the Financial Action Task Force (FATF) issued an update to its list of high-risk jurisdictions and those under increased monitoring.

FATF reaffirms its February 2020 Call for Action on the Democratic People’s Republic of Korea and Iran, urging all jurisdictions to apply enhanced due diligence and apply counter-measures for money laundering, terrorist financing and proliferation financing coming from these countries.

Since February 2021, the jurisdictions under increased monitoring rose to twenty two with four additional countries, Haiti, Malta, Philippines and South Sudan. These countries are actively working with the FATF to address strategic deficiencies to counter money laundering, terrorist financing, and proliferation financing. Ghana is no longer subject to increased monitoring.

Recent Posts

See All

The Secured Overnight Financing Rate (SOFR) is a broad measure of the cost of borrowing cash overnight collateralized by Treasury securities. SOFR is the overnight interest rate for US dollar-denomina

13/06/2023 - Canadian Securities Administrators (CSA) SEDAR+ go-live date. All issuer filings, cease trade orders and disciplined list entries will be filed in SEDAR+ 16/06/2023 - OSFI consultation pe

On May 11, the Bank for International Settlements (BIS) published a Handbook on how central bank digital currencies (CBDCs) could work for offline payments, defined as a “transfer of value between dev

bottom of page