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

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  • IFSCA Press Release on Financial Action Task Force (FATF) High risk and other monitored jurisdiction

The International Financial Services Centres Authority (“IFSCA” or “Authority“) has issued a Press Release dated November 03, 2025, notifying the latest Financial Action Task Force (FATF) High-Risk and Other Monitored Jurisdictions pursuant to the FATF public statement titled “High-Risk Jurisdictions Subject to a Call for Action” dated October 24, 2025.

FATF is an inter-governmental body established in 1989 to develop and promote policies aimed at combating money laundering, terrorist financing, and other threats to the integrity of the international financial system. The FATF Plenary, its decision-making body, meets three times annually to review global AML/CFT compliance.

Key Highlights

  • FATF has released the updated documents titled “High-Risk Jurisdictions Subject to a Call for Action” and “Jurisdictions under Increased Monitoring”, identifying jurisdictions with deficiencies in Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) frameworks.
  • Democratic People’s Republic of Korea (DPRK), Iran, and Myanmar continue to be classified as high-risk jurisdictions subject to a call for action. FATF has advised members to apply countermeasures, targeted financial sanctions in line with United Nations Security Council (UNSC) resolutions, and enhanced due diligence when dealing with these jurisdictions.
  • The updated list of jurisdictions under increased monitoring includes:
    • Algeria
    • Angola
    • Bolivia
    • Bulgaria
    • Cameroon
    • Côte d’Ivoire
    • Democratic Republic of the Congo
    • Haiti
    • Kenya
    • Lao PDR
    • Lebanon
    • Monaco
    • Namibia
    • Nepal
    • South Sudan
    • Syria
    • Venezuela
    • Vietnam
    • Virgin Islands (UK)
    • Yemen
  • Burkina Faso, Mozambique, Nigeria, and South Africa have been removed from the list of jurisdictions under increased monitoring.
  • The advisory does not prohibit regulated entities from undertaking legitimate business transactions with these jurisdictions. However, regulated entities are required to conduct enhanced risk assessments, apply enhanced due diligence, and strengthen ongoing monitoring wherever applicable.
  • For detailed FATF statements, please refer to:

A copy of the Press Release is attached herewith for your ready reference.

Source category: IFSC Insurance Office

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