FATF Plenary and Working Group Meetings 2021
October 2021
A summary of the issues discussed and decided by the Plenary in October 2021 is available on the FATF website.
Due to the COVID-19 pandemic, the FATF has decided to pause the review process for the list of High-Risk Jurisdictions subject to a Call for Action. These high-risk jurisdictions have significant strategic deficiencies in their regimes to counter money laundering, terrorist financing, and financing of proliferation. For all countries identified as high-risk, the FATF calls on all members to apply enhanced due diligence, and in the most serious cases, countries are called upon to apply counter-measures to protect the international financial system from the ongoing money laundering, terrorist financing, and proliferation financing risks emanating from the country. This list is often externally referred to as the “black list”.
Due to the general pause in the review process, the FATF refers to its statement published in February 2020. Even though the statement doesn't necessarily reflect the current status in Iran and Democratic People's Republic of Korea (DPRK) related to counter money laundering and terrorist financing, the FATF remains in force its Call for Action.
The FATF also revised the list of jurisdictions with strategic deficiencies in their approach to preventing and detecting money laundering and terrorist financing and with whom the FATF has developed an action plan to address the identified deficiencies. When the FATF places a jurisdiction under increased monitoring, it means the country has committed to resolve swiftly the identified strategic deficiencies within agreed timeframes and is subject to increased monitoring. The FATF does not call for the application of enhanced due diligence to be applied to these jurisdictions, but encourages its members to take into account the observations made by the FATF in their risk analysis. This list is often externally referred to as the "grey list".
Due to the COVID-19 pandemic, Burkina Faso, Haiti and South Sudan chose to defer reporting on the progress made in addressing their strategic deficiencies. For the countries, which chose to report, updated statements are provided. For countries, which chose to defer their reporting, the statements issued in February and June 2021 apply, but they may not necessarily reflect the most recent status of the jurisdiction’s AML/CFT regime.
New jurisdictions subject to increased monitoring: Jordan, Mali and Turkey.
Jurisdiction no longer under increased monitoring: Botswana and Mauritius.
June 2021
A summary of the issues discussed and decided by the Plenary in June 2021 is available on the FATF website.
Due to the COVID-19 pandemic, the FATF has decided to pause the review process for the list of High-Risk Jurisdictions subject to a Call for Action. These high-risk jurisdictions have significant strategic deficiencies in their regimes to counter money laundering, terrorist financing, and financing of proliferation. For all countries identified as high-risk, the FATF calls on all members to apply enhanced due diligence, and in the most serious cases, countries are called upon to apply counter-measures to protect the international financial system from the ongoing money laundering, terrorist financing, and proliferation financing risks emanating from the country. This list is often externally referred to as the “black list”.
Due to the general pause in the review process, the FATF refers to its statement published in February 2020. Even though the statement doesn't necessarily reflect the current status in Iran and Democratic People's Republic of Korea (DPRK) related to counter money laundering and terrorist financing, the FATF remains in force its Call for Action.
The FATF also revised the list of jurisdictions with strategic deficiencies in their approach to preventing and detecting money laundering and terrorist financing and with whom the FATF has developed an action plan to address the identified deficiencies. When the FATF places a jurisdiction under increased monitoring, it means the country has committed to resolve swiftly the identified strategic deficiencies within agreed timeframes and is subject to increased monitoring. The FATF does not call for the application of enhanced due diligence to be applied to these jurisdictions, but encourages its members to take into account the observations made by the FATF in their risk analysis. This list is often externally referred to as the "grey list".
Due to the COVID-19 pandemic, Burkina Faso and Senegal chose to defer reporting on the progress made in addressing their strategic deficiencies. For the countries, which chose to report, updated statements are provided. For countries, which chose to defer their reporting, the statements issued in February 2021 apply, but they may not necessarily reflect the most recent status of the jurisdiction’s AML/CFT regime.
New jurisdictions subject to increased monitoring: Haiti, Malta, Philippines, and South Sudan.
Jurisdiction no longer under increased monitoring: Ghana.
February 2021
A summary of the issues discussed and decided by the Plenary in February 2021 is available on the FATF website.
Due to the COVID-19 pandemic, the FATF has decided to pause the review process for the list of High-Risk Jurisdictions subject to a Call for Action. These high-risk jurisdictions have significant strategic deficiencies in their regimes to counter money laundering, terrorist financing, and financing of proliferation. For all countries identified as high-risk, the FATF calls on all members to apply enhanced due diligence, and in the most serious cases, countries are called upon to apply counter-measures to protect the international financial system from the ongoing money laundering, terrorist financing, and proliferation financing risks emanating from the country. This list is often externally referred to as the “black list”.
Due to the general pause in the review process, the FATF refers to its statement published in February 2020. Even though the statement doesn't necessarily reflect the current status in Iran and Democratic People's Republic of Korea (DPRK) related to counter money laundering and terrorist financing, the FATF remains in force its Call for Action.
The FATF also revised the list of jurisdictions with strategic deficiencies in their approach to preventing and detecting money laundering and terrorist financing and with whom the FATF has developed an action plan to address the identified deficiencies. When the FATF places a jurisdiction under increased monitoring, it means the country has committed to resolve swiftly the identified strategic deficiencies within agreed timeframes and is subject to increased monitoring. The FATF does not call for the application of enhanced due diligence to be applied to these jurisdictions, but encourages its members to take into account the observations made by the FATF in their risk analysis. This list is often externally referred to as the "grey list".
Due to the COVID-19 pandemic, Barbados and Jamaica chose to defer reporting on the progress made in addressing their strategic deficiencies. For the countries, which chose to report, updated statements are provided. For countries, which chose to defer their reporting, the statements issued in February 2020 apply, but they may not necessarily reflect the most recent status of the jurisdiction’s AML/CFT regime.
New jurisdictions subject to increased monitoring: Burkina Faso, the Cayman Islands, Morocco, and Senegal.