• Deborah

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.

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