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 30th October 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 the 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 are listed under ‘High-Risk Jurisdictions subject to a Call for Action’. This 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 are listed in the ‘Jurisdictions under Increased Monitoring’. This 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 is calling for greater vigilance and renewed implementation and enforcement of countermeasures against the DPRK.
The FATF notes Iran’s re-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. Iran therefore, remains on the High-Risk Jurisdictions list until the full action plan is completed. , Based on the United Nations Security Council Resolutions regarding Iran’s non‑compliance with nuclear non‑proliferation commitments, the FATF also reminds jurisdictions to address the proliferation‑financing risks linked to Iran in accordance with FATF standards. 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 prescribed enhanced due diligence measures to the above-mentioned jurisdictions.
Jurisdictions under Increased Monitoring
Since June 2026, the following countries have had their progress reviewed by the FATF: Angola, Bolivia, Bulgaria, Cameroon, Côte d’Ivoire, Democratic Republic of the Congo, Kenya, Lao PDR, Lebanon, Monaco, Nepal, Papua New Guinea, South Sudan, Syria, Venezuela, Vietnam and the Virgin Islands (UK).
Bosnia and Herzegovina, Haiti, Iraq and Yemen chose to defer reporting; accordingly, the previous statements for these jurisdictions remain applicable, but it may not necessarily reflect the most recent status of the jurisdictions’ AML/CFT regimes.
Regarding the enhanced due diligence measures to be applied to the jurisdictions remaining on the list, subject persons should refer to Regulation 11(10) of the PMLFTR.
Jurisdictions no longer subject to Increased Monitoring by the FATF
Following the FATF’s review Bulgaria, Côte d’Ivoire, Democratic Republic of the Congo and Monaco 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 28th and 30th October 2026 can be accessed from the following link.
For further information kindly contact the FIAU on [email protected]