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The FATF describes "High-risk jurisdictions subject to a Call for Action" as having "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 and urges all jurisdictions to apply enhanced due ...
All remaining Non-Cooperative Countries and Territories in the NCCT initiative were delisted in October 2006, however, FATF continues to maintain a "blacklist" of "High Risk" jurisdictions and a "greylist" of "Jurisdictions Under Increased Monitoring", and issues updates as countries on High-risk and non-cooperative jurisdictions list have made ...
The Asia/Pacific Group on Money Laundering (APG) is a FATF-style regional inter-governmental (international) body, the members of which are committed to effectively implementing the international standards against money laundering (Anti–money laundering or AML), combating the financing of terrorism (CFT) and financing the proliferation of weapons of mass destruction.
However, in 2022, the UAE fell into a risk of being named in the Financial Action Task Force (FATF) "grey list". The list defines nations determined to have "strategic deficiencies" in combating money laundering and terrorist financing. [64] On 4 March 2022, FATF placed the UAE in its 'grey' list of countries that are subject to increased ...
The G7's illicit finance body, the Financial Action Task Force (FATF), last year removed Cambodia from its "grey list" of countries with flawed anti-money laundering policies, citing improvements ...
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The CIA and UN have lists of heads of state, which fall under the PEP definitions of FATF. Vendors maintain their own particular database of PEPs [10] and other high-risk customers. There are several crowd-sourced lists of PEPs being made available utilizing public contributions. [citation needed]
Crypto businesses seeing strong growth across the 54-country continent are working hard to meet the FATF's anti-money laundering standards.