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.

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 Jurisdictions under Increased Monitoring - June 2024


Jamaica and Türkiye are no longer under the list of jurisdictions under increased monitoring. They have made significant progress in addressing the strategic AML/CFT/CPF deficiencies previously identified during their mutual evaluations. These jurisdictions had committed to implement an Action Plan to resolve swiftly the identified strategic deficiencies within agreed timeframes. These countries will no longer be subject to the 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 to Labuan FSA.

10 July 2024