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 19th of June 2026. A copy of these documents has been uploaded to the FIAU’s website under ‘Country Statements’.
The FATF classifies the jurisdictions included in these documents into different categories, depending on 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 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 the 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 notes Iran’s renewed engagement but stresses that Iran has made limited progress in addressing major AML/CFT deficiencies since committing to an action plan in 2016, which expired in 2018. Due to continued non-compliance, the FATF has maintained its call since 2020 for jurisdictions to apply effective countermeasures, citing ongoing terrorist financing and proliferation financing risks. Although Iran provided an update in January 2026 on ratifying the Palermo and Terrorist Financing Conventions, the FATF considers Iran’s reservations overly broad, and its implementation not aligned with FATF standards. Therefore, Iran remains on the High-Risk Jurisdictions list until the full action plan is completed. Furthermore, based on the United Nations Security Council Resolutions regarding Iran’s non‑compliance with nuclear non‑proliferation commitments, the FATF reminds all jurisdictions of their obligation to manage the proliferation‑financing risks linked to Iran in accordance with FATF standards. Additionally, due to the continued threats of terrorist financing and proliferation financing linked to Iran, and because Iran’s action plan remains incomplete, the FATF reinforces its call to its members and urges all jurisdictions to implement effective countermeasures against Iran. The applicable 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.
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 February 2026: Algeria, Angola, Bolivia, Bulgaria, Cameroon, Côte d’Ivoire, Democratic Republic of the Congo, Haiti, Kenya, Lao PDR, Lebanon, Monaco, Namibia, Nepal, South Sudan, Syria, Venezuela, Vietnam, the Virgin Islands (UK) and Yemen.
Kuwait and Papua New Guinea 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.
Following review, the FATF now also identified Bosnia and Herzegovina and Iraq.
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
Algeria and Namibia are no longer within the list of jurisdictions subject to increased monitoring by the FATF.
Membership Issues
The suspension of the Russian Federation’s membership remains in effect.
A more detailed summary of the outcomes of the FATF Plenary which took place between 17th and 19th June 2026 can be accessed from the following link.
If any further information is required, you may contact the FIAU on [email protected]