What's New 

Improving Global AML/CFT Compliance – FATF identifies jurisdictions with deficiencies in AML/CFT strategies

20 December 2013

As part of its mandate in improving global AML/CFT compliance the FATF has again identified countries with varying levels of compliance with international AML-CFT standards.

In the context of third country risk assessment, Credit and Financial Institutions should have regard:

  1. To the FATF document "IMPROVING GLOBAL AML/CFT COMPLIANCE: ON-GOING PROCESS - dated 18 October";
  2. To paragraph 55 of Industry Guidelines on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing and also to the Central Bank's International Financial Sanctions pages.