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FINANCIAL ACTION TASK FORCE PUBLISED UPDATE LIST OF COUNTRIES & JURISDICTIONS!!
FROM A
DIFFERENT POINT OF VIEW by Monte Friesner>
Financial Crime Consultant for WANTED SA>
Monday October 25, 2010 >
FATF Updates List of Countries with AML/CFT Deficiencies
The Financial Action Task Force [FATF] has published its updated list of jurisdictions with "strategic" AML/CFT Deficiencies, whilst also warning its members, again, about the special dangers posed by Iran and North Korea [DPRK].
It is highly recommended that all review this material, especially if clients have substantial trade or financial commerce with these nations, for you can see exactly where they have complied with FATF requests, and where they are still deficient, according to FATF guidelines.
Please govern yourself accordingly, with respect to your assessment of country risk.
The countries with outstanding AML/CFT Deficiencies, as reported by FATF.
You are referred to the document* for specific details:
- ANGOLA
- ANTIGUA & BARBUDA
- BANGLADESH
- BOLIVIA
- ECUADOR
- ETHIOPIA
- GHANA
- GREECE
- HONDURAS
- INDONESIA
- KENYA
- MOROCCO
- MYANMAR
- NEPAL
- NIGERIA
- PHILIPPINES
- SAO TOME AND PRINCIPE
- SRI LANKA
- SUDAN
- SYRIA
- TANZANIA
- THAILAND
- TRINIDAD & TOBAGO
- TURKEY
- TURKMENISTAN
- UKRAINE
- VENEZUELA
- VIETNAM
- YEMEN
Please note that both Qatar and Azerbaijan have been removed from the FATF list of monitored nations, due to the fact that these two countries have addressed previously listed deficiencies.
The facts and opinions stated in this article are those of the author and not those of WANTED SA. WANTED SA does not warrant the accuracy of any facts and opinions stated in this article; does not endorse them, and accepts no responsibility for them.
