FATF Publishes List of High-Risk Jurisdictions subject to a Call for Action (Blacklist)

16/06/2025
Posted by: Pambos Kyriacou

The Financial Action Task Force (FATF) issued a public statement concerning three high-risk jurisdictions subject to a call for action that urges the application of enhanced due diligence and the application of countermeasures to protect the international financial system.

FATF urged its member countries to apply enhanced due diligence measures to mitigate the risks stemming from North Korea, Iran, and Myanmar in light of significant anti-money laundering and counterterrorist financing (AML/CTF) deficiencies.

View the relevant Public Statement here

Recent

FATF Report highlights major gaps in global response to Proliferation Financing and Sanctions Evasion
The Financial Action Task Force (FATF) published a report to warn that several jurisdictions are failing to fully implement and enforce targeted financial sanctions, particularly those related to terrorist financing and proliferation. Specifically, the report identifies significant shortcomings in interagency coordination, legal frameworks, and risk-based supervision that hinder effective asset freezes and the detection of…
FATF Issues Amended AML/CTF Recommendations
The Financial Action Task Force (FATF) has issued an important update to its globally recognized AML/CFT framework. The 40 Recommendations, originally adopted on 16 February 2012, form the cornerstone of international efforts to combat money laundering, terrorist financing, and the financing of proliferation. At its June 2025 Plenary, the FATF introduced targeted revisions to Recommendation…
MONEYVAL: Follow Up on Cyprus – June 2025
MONEYVAL, the Council of Europe’s FATF-style regional body, has published its 4th Enhanced Follow-Up Report on Cyprus’ framework to combat money laundering and terrorist financing. The report confirms that Cyprus has further strengthened its AML/CFT system, notably in the area of correspondent banking. Based on this progress, the rating for FATF Recommendation 13 has been…
FATF Adds Two Jurisdictions to Gray List, Removes Three
The Financial Action Task Force (FATF) issued a public statement on jurisdictions under increased monitoring with action plans to remedy their strategic anti-money laundering and counterterrorist financing (AML/CTF) deficiencies. FATF announced that its so-called ‘Gray List’ now includes Bolivia and the British Virgin Islands. Both jurisdictions were issued specific recommendations and guidance for strengthening compliance…
Commission updates list of high-risk countries to strengthen international fight against financial crime
The European Commission has updated its list of high‑risk jurisdictions presenting strategic deficiencies in their national anti‑money laundering and countering the financing of terrorism (AML/CFT) regimes. EU entities covered by the AML framework are required to apply enhanced vigilance in transactions involving these countries. This is important to protect the EU financial system. A number of third‑country jurisdictions were added…

FATF Publishes List of High-Risk Jurisdictions subject to a Call for Action (Blacklist)

FATF Publishes List of High-Risk Jurisdictions subject to a Call for Action (Blacklist)

Recent

FATF Report highlights major gaps in global response to Proliferation Financing and Sanctions Evasion

FATF Issues Amended AML/CTF Recommendations

MONEYVAL: Follow Up on Cyprus – June 2025

FATF Adds Two Jurisdictions to Gray List, Removes Three

Commission updates list of high-risk countries to strengthen international fight against financial crime

Tags widget