HIGH RISK JURISDICTIONS RECOMMENDATION 19 OF THE FINANCIAL ACTION TASK FORCE (FATF) STANDARDS

Circular No.7 issued on 24th February, 2024 to all accountable persons high risk jurisdictions recommendation 19 of the financial action task force (FATF) standards regulation 44 of the anti-money laundering regulations, 2015 (as amended).

Further to our circular No. 6 issued on 28th October, 2023, we hereby issue Circular No. 7 to notify you of the on-going efforts by the Financial Action Task force (FATE) to identify and work with jurisdictions with strategic AML/ CFT deficiencies. After the FATF Plenary meeting that was held from 19th - 23rd February, 2024, FATF has issued the following public statements identifying jurisdictions in the following categories:

The Complete Circular is available (in PDF) at this link:Circular No.7 High risk jurisdictions recommendation 19 of the financial action task force (FATF) standards