Country Statements

The PMLFTR defines non-reputable jurisdictions as any jurisdiction having deficiencies in its national AML/CFT regime or having inappropriate and ineffective measures for the prevention of ML/FT. The FATF and European Commission publish lists of non-reputable jurisdictions, which subject persons should refer to when assessing jurisdictional risk.

The FATF issues two public documents that provide a list of jurisdictions considered to pose a higher risk of money laundering and the funding of terrorism in view of a number of identified deficiencies within their AML/ CFT regime. The risks posed by the jurisdictions listed in these two documents vary depending on the seriousness of the deficiencies and the level of commitment made by each jurisdiction to address those deficiencies.

The FATF documents are issued three times a year, in February, June and October, and as a result the list changes depending on the level of progress achieved by each jurisdiction in addressing the deficiencies identified in their respect.

The European Commission is empowered, through Article 9 of the 4AMLD, to adopt delegated acts listing high-risk third countries with strategic deficiencies in their AML/CFT regimes. These countries are considered by the European Commission to pose a significant threat to the EU’s financial system, and these lists are intended to protect the proper functioning of the internal market. The jurisdictions may be found in the annexes of the delegated acts, which are issued from time to time.


High Risk Jurisdictions Subject to a Call for Action (FATF Statements)

The FATF Public Statements classify jurisdictions in the following two categories:

1. 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 funding of terrorism risks emanating from the jurisdictions.

2. 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 and are subject to a FATF call on its members to consider the risks arising from the deficiencies associated with each jurisdiction.

Click on the following PDF links to download copies of the FATF Statements:

Jurisdictions Under Increased Monitoring (FATF On-Going Process)

The FATF document entitled “Improving Global AML/ CFT Compliance: On-Going Process” lists the jurisdictions that have been identified by the FATF as having strategic AML/ CFT deficiencies but that have provided a high-level political commitment to address the deficiencies through the implementation of an action plan developed in conjunction with the FATF. Given the diverse situations in each of the listed jurisdictions, each presents different degrees of ML/ FT risks.

Click on the following PDF links to download copies of the documents relating to the FATF On-Going Process:

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