Press Release on Financial Action Task Force (FATF) High risk and other monitored jurisdictions

IFSCA has issued a Press Release dated 08th July 2025 titled “The Financial Action Task Force (FATF) – High-Risk Jurisdictions and Other Monitored Jurisdictions”. The key highlights of the Press Release are as follows:

• The Financial Action Task Force (FATF) has released a document identifying jurisdictions that have strategic deficiencies in Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) measures.
• Member States and other jurisdictions have been called upon to implement appropriate countermeasures, targeted financial sanctions in accordance with the relevant United Nations Resolutions, and enhanced due diligence measures proportionate to the risks associated with the Democratic People’s Republic of Korea (DPRK), Iran, and Myanmar.
• The following jurisdictions have been placed under Increased Monitoring:
  Algeria, Angola, Bolivia, Bulgaria, Burkina Faso, Cameroon, Côte d’Ivoire, Democratic Republic of the Congo, Haiti, Kenya, Lao PDR, Lebanon, Monaco, Mozambique, Namibia, Nepal, Nigeria, South Africa, South Sudan, Syria, Venezuela, Vietnam, Virgin Islands (UK), and Yemen.
• FATF has removed Croatia, Mali, and Tanzania from the list of jurisdictions under Increased Monitoring.
• It has been emphasized that the advisory does not restrict legitimate trade and business transactions undertaken by entities regulated, licensed, recognized, registered, or authorized by IFSCA with the above-mentioned jurisdictions.

Source category: IFSC Insurance Office

Attachments

• IFSCA Financial Action Task Force FATF High risk and other monitored jurisdictions