IFSCA has issued the 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:
- FATF has released a document identifying jurisdictions that have strategic deficiencies in Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT).
- Member States and other jurisdictions have been called upon to implement countermeasures, targeted financial sanctions in accordance with the relevant United Nations Resolutions, and enhanced due diligence measures proportionate to the risks arising from the Democratic People’s Republic of Korea (DPRK), Iran, and Myanmar.
- The following jurisdictions have been identified 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. - Croatia, Mali, and Tanzania have been removed from the list of jurisdictions under Increased Monitoring.
- It has been emphasized that this advisory does not restrict legitimate trade and business transactions by entities regulated, licensed, recognized, registered, or authorized by IFSCA with the above-mentioned jurisdictions.
Source category: Unmetadated — Note: original site listing metadata was unavailable for this record; date was inferred from notice text or system record.
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