FATF Public Statement & Warning List

From Sanctions Wiki

Share/Save/Bookmark
Jump to: navigation, search


Contents

Financial Action Task Force - Public Statement

Update February 16, 2012

February 16, 2012 The Financial Action Task Force (FATF) issued an updated statement - 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 money laundering and financing of terrorism (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. The text of the FATF statement can be found at: FATF Public Statement

Update October 28, 2011

October 28, 2011 - The Financial Action Task Force (FATF) 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 Public 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.

October 28, 2011 - 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 Global AML/CFT Compliance

Update June 24, 2011

24 June 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.

Due to sufficient progress Greece was lifted from FATF monitoring.

FATF requiring counter-measures against - Iran and North Korea / DPRK

Jurisdictions subject to a FATF call on its members and other jurisdictions to 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 aforementioned jurisdictions.

More information at FATF Public Statement

FATF Warning List on AML/CFT Strategic Deficiencies requiring Enhanced Due Diligence (EDD) - out of compliance

February 16, 2012 - Jurisdictions with strategic AML/CFT deficiencies that have not made sufficient progress in addressing the deficiencies or have 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 each jurisdiction, as described below.

<sort> Bolivia Cuba Ethiopia Ghana Indonesia Kenya Myanmar Nigeria Pakistan Sao Tome & Principe Sri Lanka Syria Tanzania Thailand Turkey </sort> More information at FATF Public Statement

FATF - Jurisdiction making progress - not fully compliant

As part of its on-going review of compliance with the AML/CFT standards, the FATF has to date identified the following jurisdictions which have strategic AML/CFT deficiencies for which they have developed an action plan with the FATF . While the situations differ among each jurisdiction, each jurisdiction has provided a written high-level political commitment to address the identified deficiencies. The FATF welcomes these commitments of:

<sort> Algeria Angola Antigua and Barbuda Argentina Bangladesh Brunei Darussalam Cambodia Kyrgyzstan Mongolia Morocco Namibia Nepal Nicaragua Sudan Tajikistan Turkmenistan Trinidad and Tobago Venezuela Zimbabwe </sort> More information at FATF Improving Global AML/CFT Compliance: on-going process - 16 February 2012

FATF - Jurisdiction not making sufficient progress - out of compliance by June 2012

The FATF is not yet satisfied that the following jurisdiction has made sufficient progress on its action plan agreed upon with the FATF. The most significant action plan items and/or the majority of the action plan items have not been addressed. If this jurisdiction does not take sufficient action to implement significant components of its action plan by June 2012, then the FATF will identify this jurisdiction as being out of compliance with its agreed action plans and will take the additional step of calling upon its members to consider the risks arising from the deficiencies associated with the jurisdiction of:

<sort> Ecuador Philippines Vietnam Yemen </sort> More information at FATF Public Statement

Personal tools
Namespaces
Variants
Actions
Navigation
Toolbox
Useful Links
  • DSpecially Designated Nationals
						and Blocked Persons List Search
  • Database containing United Nations Security Council Resolutions
  • The UN Refugee Agency
  • European Union External Actiony
  • UK Financial Sanctions
  • UK Financial Sanctions (AFU)
  • Office of Foreign Assets Control of the US Department of the Treasury administers and enforces economic and trade sanctions
  • Bureau of Industry and Security
  • Financial Crimes Enforcements Network
  • International Traffic in Arms Regulations
  • Canada Sanctions
  • Australia Sanctions
  • New Zealand Sanctions
  • Swiss Sanctions
  • Norway Sanctions
  • MOFA Japan Sanctions
  • MAS
  • Hong Kong Monetary Authority
  • Financial Action Task Force
  • OECD
  • Bank for International Settlement
  • The Wolfsberg Group
  • The Egmont Group
  • Sipri
  • #
  • Human Righst Watch
  • Global Witness
  • Warchild
  • Wassenaar Arrangement
  • Export Control
  • The Trade Wiki
  • Export Screening
  • International Tradelaw News
  • Critical Threats
  • Equasis
  • Vesseltracker
  • World Check