The Financial Action Task Force (FATF), also known as the Global Anti-Money Laundering watchdog, updates its list of high-risk and other monitored jurisdictions which are considered to have weak AML-CFT regimes. This is done three times a year (February, June and October).
As per last update on February 21, 2020, the blacklisted high-risk jurisdictions, subject to a call for action to comply with the FATF standards, are:
- Democratic People’s Republic of Korea (DPRK)
FATF in its Grey List identifies additional jurisdictions having strategic deficiencies in their regimes to counter Money Laundering, Terrorist Financing and Proliferation Financing. The list of countries included in the latest update are the following:
- The Bahamas