FATF Publication on Global ML/TF Risk - February 2025
FATF Publication on Global ML/TF Risk
The Financial Action Task Force (FATF) is the global standard-setting body for anti-money laundering, countering financing of terrorism and proliferation financing (AML/CFT/CPF). The FATF identifies jurisdictions that have strategic deficiencies and works with them to address those deficiencies that pose a risk to the international financial system. The purpose of this is to safeguard it from risks associated with money laundering, financing of terrorism and proliferation (ML/TF/PF) as well as to promote greater compliance with AML/CFT/CPF standards.
High-Risk Jurisdictions Subject to a Call for Action
FATF identifies countries or jurisdictions with serious strategic deficiencies to counter money laundering, terrorist financing and proliferation financing. The call for action for Democratic People’s Republic of Korea, Iran and Myanmar remains in effect.
FATF High-Risk Jurisdictions Subject to a Call for Action - February 2025
Jurisdictions under Increased Monitoring
Jurisdictions under increased monitoring are actively working with the FATF to address the strategic deficiencies in their regimes to counter money laundering, terrorist financing and proliferation financing. When the FATF places a jurisdiction under increased monitoring, it indicates that the country has committed to taking prompt action to address any identified strategic weaknesses within predetermined deadlines. Lao PDR and Nepal have been added to the list of jurisdictions subject to increased monitoring.FATF Jurisdictions under Increased Monitoring - February 2025
Jurisdictions no Longer under Increased Monitoring
Philippines is no longer under the list of jurisdictions under increased monitoring. The Philippines strengthened the effectiveness of its AML/CFT regime to meet the commitments in its action plan regarding the strategic deficiencies that the FATF identified in June 2021. The country will no longer be subject to FATF’s increased monitoring process.
Reporting institutions should remain aware of jurisdictions with elevated risks of money laundering, terrorism financing and proliferating financing. This information should be used as a guide for ML/TF/PF risk assessments, compliance programs and to support decisions to report suspicious transactions.
Jurisdictions no Longer under Increased Monitoring
Philippines is no longer under the list of jurisdictions under increased monitoring. The Philippines strengthened the effectiveness of its AML/CFT regime to meet the commitments in its action plan regarding the strategic deficiencies that the FATF identified in June 2021. The country will no longer be subject to FATF’s increased monitoring process.
Reporting institutions should remain aware of jurisdictions with elevated risks of money laundering, terrorism financing and proliferating financing. This information should be used as a guide for ML/TF/PF risk assessments, compliance programs and to support decisions to report suspicious transactions.
