Ethiopia

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Rebel Groups

Ogaden National Liberation Front - The Horn of Africa has been marked by struggle for decades. Behind some of the violence, including an April 2007 attack on a Chinese oil rig in Ethiopia, is the Ogaden National Liberation Front (ONLF). The ONLF, a group of ethnic Somali nationalists based in eastern Ethiopia, takes up the banner of past groups seeking self-governance for ethnic Somalis throughout the region. Their attacks threaten the delicate stability of the region and could set off a new chill on much-needed foreign investment.

FATF Warning List

February 22, 2013 - The FATF is not yet satisfied that Ethiopia has made sufficient progress on their action plan agreed upon with the FATF. Ethiopia has strategic AML/CFT deficiencies and has not made sufficient progress in addressing the deficiencies or has not committed to an action plan developed with the FATF to address the deficiencies. The FATF calls on its members to consider the risks arising from the deficiencies associated with Ethiopia.

Note: Strategic Deficiencies Require Enhanced Due Diligence

The FATF calls on Ethiopia to complete the implementation of action plans expeditiously and within the proposed timeframes. The FATF will closely monitor the implementation of these action plans and encourages its members to consider the information presented in the link.


October 19, 2012 - The Financial Action Task Force (FATF) is the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT). In order to protect the international financial system from ML/FT risks and to encourage greater compliance with the AML/CFT standards, the FATF identified jurisdictions that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.

As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified that this jurisdictions (Ethiopia) has strategic AML/CFT deficiencies for which it has developed an action plan with the FATF.

NOTE-1: Strategic deficiencies require Enhanced Due Diligence

NOTE-2: FATF members and other jurisdictions should apply counter-measures to protect the international financial system from the on-going and substantial money laundering and terrorist financing (ML/TF) risks emanating from the jurisdictions Iran and North Korea.


The FATF and the FSRBs will continue to work with this jurisdiction and to report on the progress made in addressing the identified deficiencies. The FATF calls on the jurisdiction to complete the implementation of action plans expeditiously and within the proposed time frames. All member states should treat this jurisdiction (Ethiopia) with vigilance FATF Public Statement - October 19, 2012


June 22, 2012 - The Financial Action Task Force (FATF) is the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT). In order to protect the international financial system from ML/FT risks and to encourage greater compliance with the AML/CFT standards, the FATF identified jurisdictions that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.

As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified that this jurisdictions (Ethiopia) has strategic AML/CFT deficiencies for which it has developed an action plan with the FATF.

NOTE-1: Strategic deficiencies require Enhanced Due Diligence

NOTE-2: FATF members and other jurisdictions should apply counter-measures to protect the international financial system from the on-going and substantial money laundering and terrorist financing (ML/TF) risks emanating from the jurisdictions Iran and North Korea.


The FATF and the FSRBs will continue to work with this jurisdiction and to report on the progress made in addressing the identified deficiencies. The FATF calls on the jurisdiction to complete the implementation of action plans expeditiously and within the proposed time frames. All member states should treat this jurisdiction (Ethiopia) with vigilance FATF Public Statement - June 22, 2012


February 16, 2012 - The Financial Action Task Force (FATF) is the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT). In order to protect the international financial system from ML/FT risks and to encourage greater compliance with the AML/CFT standards, the FATF identified jurisdictions that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.

As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified that this jurisdictions (Ethiopia) has strategic AML/CFT deficiencies for which it has developed an action plan with the FATF.

NOTE-1: Strategic deficiencies require Enhanced Due Diligence

NOTE-2: FATF members and other jurisdictions should apply counter-measures to protect the international financial system from the on-going and substantial money laundering and terrorist financing (ML/TF) risks emanating from the jurisdictions Iran and North Korea.


The FATF and the FSRBs will continue to work with this jurisdiction and to report on the progress made in addressing the identified deficiencies. The FATF calls on the jurisdiction to complete the implementation of action plans expeditiously and within the proposed time frames. All member states should treat this jurisdiction (Ethiopia) with vigilance FATF Public Statement - February 16, 2012


28 October 2011 - The Financial Action Task Force (FATF) is the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT). In order to protect the international financial system from ML/FT risks and to encourage greater compliance with the AML/CFT standards, the FATF identified jurisdictions that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.

As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified that this jurisdictions (Ethiopia) has strategic AML/CFT deficiencies for which it has developed an action plan with the FATF.

NOTE-1: Strategic deficiencies require Enhanced Due Diligence

NOTE-2: FATF members and other jurisdictions should apply counter-measures to protect the international financial system from the on-going and substantial money laundering and terrorist financing (ML/TF) risks emanating from the jurisdictions Iran and North Korea.


The FATF and the FSRBs will continue to work with this jurisdiction and to report on the progress made in addressing the identified deficiencies. The FATF calls on the jurisdiction to complete the implementation of action plans expeditiously and within the proposed time frames. All member states should treat this jurisdiction (Ethiopia) with vigilance FATF Public Statement - October 28, 2011

US FinCen - AML/CFT Deficiencies Warning List

November 15, 2011 - FinCen adopted the Financial Action Task Force Public Statement on Anti-Money Laundering and Counter-Terrorist Financing Risks and FinCen provided guidance on the subject. More detailed information FIN-2011-A014 and FIN-2011-A015

Singapore MAS - AML/CFT Deficiencies Warning List

On 28 Oct 2011, the Financial Action Task Force (FATF), of which Singapore is a member, issued an updated statement that highlighted the strategic deficiencies in the anti-money laundering/combating the financing of terrorism (AML/CFT) regimes of Nigeria and Sao Tome & Principe, in addition to the previously announced regimes of Bolivia, Cuba, Democratic People’s Republic of Korea (DPRK), Ethiopia, Iran, Kenya, Myanmar, Sri Lanka, Syria and Turkey. The text of the FATF statement can be found at: FATF Statement

Financial institutions are advised to accord due consideration to the above FATF statement and take the appropriate action(s) as recommended by the FATF with respect to the named jurisdictions.

Separately, FATF has issued an updated statement on its on-going process to improve global AML/CFT compliance. This statement provides information on a list of jurisdictions that have committed to action plans to address and strengthen their respective AML/CFT deficiencies. The second FATF statement can be found at: FATF Statement


June 24, 2011 - The Financial Action Task Force (FATF) is the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT). In order to protect the international financial system from ML/FT risks and to encourage greater compliance with the AML/CFT standards, the FATF identified jurisdictions that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system.

As part of its ongoing review of compliance with the AML/CFT standards, the FATF has identified that this jurisdictions (Ethiopia) has strategic AML/CFT deficiencies for which it has developed an action plan with the FATF.

NOTE-1: Strategic deficiencies require Enhanced Due Diligence

NOTE-2: FATF members and other jurisdictions should apply counter-measures to protect the international financial system from the on-going and substantial money laundering and terrorist financing (ML/TF) risks emanating from the jurisdictions Iran and North Korea.


The FATF and the FSRBs will continue to work with this jurisdiction and to report on the progress made in addressing the identified deficiencies. The FATF calls on the jurisdiction to complete the implementation of action plans expeditiously and within the proposed time frames. All member states should treat this jurisdiction (Ethiopia) with vigilance FATF Public Statement - June 24, 2011


US FinCen - AML/CFT Deficiencies Warning List

July 13, 2011 - FinCen adopted the Financial Action Task Force Public Statement on Anti-Money Laundering and Counter-Terrorist Financing Risks and FinCen provided guidance on the subject. More detailed information FIN-2011-A011 and FIN-2011-A012

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