The FIAU would like to bring to your attention the latest FATF ‘High-Risk Jurisdictions subject
to a Call for Action’ and ‘Jurisdictions under Increased Monitoring’ documents issued by the
FATF on the 24th of October 2025. A copy of these documents has been uploaded on the
FIAU’s website under ‘Country Statements’.
The FATF classifies the jurisdictions included in these documents into different categories,
according to the deficiencies present in the listed jurisdictions, and the level of commitment
and progress made in addressing such deficiencies.
The categories are the following:
- Jurisdictions with strategic deficiencies in their regime to counter money laundering,
terrorist financing, and financing of proliferation that have failed to meaningfully
address their AML/CFT deficiencies and are subject to a call for countermeasures
(listed under ‘High-Risk Jurisdictions subject to a Call for Action’). This process is
informally referred to as “blacklisting”; - Jurisdictions that have developed an action plan with the FATF and have made a high-level political commitment to address their AML/CFT deficiencies (listed in the
‘Jurisdictions under Increased Monitoring’). This process is informally referred to as
“grey listing”
This document also lists jurisdictions that are no longer subject to the FATF on-going global
AML/CFT compliance process, where applicable.
Subject persons are required to implement the measures set out under Regulation 11 of the
Prevention of Money Laundering and Funding of Terrorism Regulation S.L. 373.01 (PMLFTR),
and under Chapter 8 of the FIAU Implementing Procedures Part I, which is legally binding
upon all subject persons in terms of Regulation 17 of the PMLFTR.
High-Risk Jurisdictions subject to a Call for Action
Iran and the Democratic People’s Republic of Korea (DPRK) remain in the list of high-risk
jurisdictions subject to a call for action.
The FATF reiterated its concerns over the DPRK’s continued failure to address the significant
deficiencies in its AML/CFT regime and the serious threats posed by the DPRK’s illicit activities
related to the proliferation of weapons of mass destruction and its financing. In particular,
the FATF notes that DPRK has increased connectivity with the international financial system,
which raises proliferation financing risks. Therefore, the FATF calls for greater vigilance and
renewed implementation and enforcement of countermeasures against the DPRK.
The FATF has acknowledged Iran’s renewed engagement with the FATF but noted limited
progress in addressing key AML/CFT deficiencies. As a result, Iran continues to be listed as a
High-Risk Jurisdiction Subject to a Call for Action, with the FATF urging jurisdictions to apply
effective countermeasures until full compliance is achieved. These countermeasures are
listed in the detailed statements found on the FIAU’s website under ‘Country Statements’.
Myanmar will remain on the list of jurisdictions subject to a call for action until its full action
plan is completed. The FATF calls on its members and other jurisdictions to apply enhanced
due diligence measures proportionate to the risk arising from Myanmar. If no further progress
is made by February 2026, the FATF will consider countermeasures.
Subject persons should refer to Regulation 11(11) of the PMLFTR and apply the enhanced due
diligence measures therein to the above-mentioned jurisdictions.
Jurisdictions under Increased Monitoring
The following countries had their progress reviewed by the FATF since June 2025: Algeria,
Angola, Bulgaria; Burkina Faso, Cameroon, Côte d’Ivoire, Democratic Republic of the Congo,
Kenya, Lao PDR, Monaco, Mozambique, Namibia; Nepal, Nigeria, South Africa, South Sudan,
Syria, Venezuela and Vietnam.
Bolivia, Haiti, Lebanon, the Virgin Islands (UK) and Yemen chose to defer reporting; thus, the
statements issued previously for those jurisdictions are applicable, but it may not necessarily
reflect the most recent status of the jurisdictions’ AML/CFT regimes.
With regards to the enhanced due diligence measures to be applied to the above-mentioned
jurisdictions, subject persons should refer to Regulation 11(10) of the PMLFTR.
Jurisdictions no longer subject to Increased Monitoring by the FATF
Burkina Faso, Mozambique, Nigeria and South Africa are no longer under increased
monitoring by the FATF.
Membership Issues
The suspension of the Russian Federation’s membership remains in effect.
The FATF emphasised that the statements it has published since March 2022 are still valid and
must be upheld. The FATF urges all jurisdictions to be vigilant with regards to current and
emerging risks of the countermeasures in place being circumvented, to ensure that the
international financial system is protected.
A more detailed summary of the outcomes of the FATF Plenary which took place between
22nd and 24th of October 2025 can be accessed from the following link.
If any further information is required, you may contact the FIAU on [email protected].