Home
(/)
/
Publica
Ɵ
ons
(/publica
Ɵ
ons/)
/
High
Ͳ
risk
and
non
Ͳ
coopera
Ɵ
ve
jurisdic
Ɵ
ons
(/publica
Ɵ
ons/high
Ͳ
riskandnon
Ͳ
coopera
Ɵ
vejurisdic
Ɵ
ons/)
/
Improving
Global
AML/CFT
Compliance:
on
Ͳ
going
process
–
23
October
2015
Send(mailto:?body=hƩp://www.faƞͲgaĮ.org
//publicaƟons/highͲriskandnonͲ
cooperaƟvejurisdicƟons/documents/faƞͲ
complianceͲoctoberͲ2015.html&
subject=ImprovingGlobalAML/CFTCompliance:
onͲgoingprocess–23October2015)
Print Tweet(hƩps://twiƩer.com/share)
Paris,23October2015ͲAspartofitsonͲgoingreviewofcompliancewiththeAML/CFTstandards,theFATFhastodate idenƟĮedthefollowingjurisdicƟonswhichhavestrategicAML/CFTdeĮcienciesforwhichtheyhavedevelopedanacƟonplan withtheFATF.WhilethesituaƟonsdiīeramongeachjurisdicƟon,eachjurisdicƟonhasprovidedawriƩenhighͲlevelpoliƟcal commitmenttoaddresstheidenƟĮeddeĮciencies.TheFATFwelcomesthesecommitments.
AlargenumberofjurisdicƟonshavenotyetbeenreviewedbytheFATF.TheFATFconƟnuestoidenƟfyaddiƟonaljurisdicƟons, onanonͲgoingbasis,thatposearisktotheinternaƟonalĮnancialsystem.
TheFATFandtheFATFͲstyleregionalbodies(FSRBs)willconƟnuetoworkwiththejurisdicƟonsnotedbelowandtoreporton theprogressmadeinaddressingtheidenƟĮeddeĮciencies.TheFATFcallsonthesejurisdicƟonstocompletethe implementaƟonofacƟonplansexpediƟouslyandwithintheproposed Ɵmeframes.TheFATFwillcloselymonitorthe implementaƟonoftheseacƟonplansandencouragesitsmemberstoconsidertheinformaƟonpresentedbelow.
Afghanistan Algeria Angola
BosniaandHerzegovina Iraq
Guyana
Panama
PapuaNewGuinea
Syria Uganda Yemen
JurisdicƟonnotmakingsuĸcientprogress
LaoPDR
JurisdicƟonsnolongerSubjecttotheFATF'sOnͲGoingAML/CFTComplianceProcess
Ecuador Sudan
Afghanistan
InJune2012,AfghanistanmadeahighͲlevelpoliƟcalcommitmenttoworkwiththeFATFandAPGtoaddressitsstrategic AML/CFTdeĮciencies.SinceJune2015,AfghanistanhastakenstepstowardsimprovingitsAML/CFTregime,includingby issuing a ĮtandproperregulaƟonforthe Įnancialsector,andcrossͲborderdeclaraƟonregulaƟonsforthephysical transportaƟonofcashandbearernegoƟableinstruments.However,theFATFhasdeterminedthatcertainstrategicdeĮciencies remain.AfghanistanshouldconƟnuetoimplementitsacƟonplan,includingby:(1)furtherimplemenƟngitslegalframework foridenƟfying,tracingandfreezingterroristassets;(2)implemenƟnganadequateAML/CFTsupervisoryandoversight programmeforallĮnancialsectors;and(3)furtherestablishingandimplemenƟngeīecƟvecontrolsforcrossͲbordercash transacƟons.TheFATFencouragesAfghanistantoaddressitsremainingdeĮcienciesandconƟnuetheprocessofimplemenƟng itsacƟonplan.
㻰㼛㼏㼡㼙㼑㼚㼠㼟㻌㻙㻌㻲㼕㼚㼍㼚㼏㼕㼍㼘㻌㻭㼏㼠㼕㼛㼚㻌㼀 㼍㼟㼗㻌㻲㼛㼞㼏㼑㻌㻔㻲㻭㼀㻲㻕
㼔㼠㼠㼜㻦㻛㻛㼣㼣㼣㻚㼒㼍㼠㼒㻙㼓㼍㼒㼕㻚㼛㼞㼓㻛㼜㼡㼎㼘㼕㼏㼍㼠㼕㼛㼚㼟㻛㼔㼕㼓㼔㻙㼞㼕㼟㼗㼍㼚㼐㼚㼛㼚㻙㼏㼛㼛㼜㼑㼞㼍㼠㼕㼢㼑㼖㼡㻚㻚㻚
Algeria
SinceOctober2011,whenAlgeriamadeahighͲlevelpoliƟcalcommitmenttoworkwiththeFATFandMENAFATFtoaddressits strategicAML/CFTdeĮciencies,AlgeriahasmadesigniĮcantprogresstoimproveitsAML/CFTregime.AlgeriahassubstanƟally addresseditsacƟonplanatatechnicallevel,includingby:(1)adequatelycriminalisingterroristĮnancing;(2)establishingan adequatelegalframeworkandproceduresforidenƟfying,tracing,andfreezingterroristassets;(3)improvingandbroadening customerduediligence(CDD)measuresandensuringthattheyapplytoallĮnancialinsƟtuƟons;(4)establishingafully operaƟonalandeīecƟvelyfuncƟoningĮnancialintelligenceunit;and(5)enacƟnganappropriateprovisionformutuallegal assistance.TheFATFwillconductanonͲsitevisittoconĮrmthattheprocessofimplemenƟngtherequiredreformsandacƟons isunderwaytoaddressdeĮcienciespreviouslyidenƟĮedbytheFATF.
Angola
SinceJune2010andFebruary2013,whenAngolamadehighͲlevelpoliƟcalcommitmentstoworkwiththeFATFandESAAMLG toaddressitsstrategicAML/CFTdeĮciencies,AngolahasmadesigniĮcantprogresstoimproveitsAML/CFTregime.Angolahas substanƟallyaddresseditsacƟonplanatatechnicallevel,includingby:(1)adequatelycriminalisingmoneylaunderingand terroristĮnancing;(2)establishinganadequatelegalframeworkandproceduresfortheseizureandconĮscaƟonoffunds relatedtomoneylaunderingandtheidenƟĮcaƟonandfreezingofterroristassets;(3)establishingafullyoperaƟonaland eīecƟvelyfuncƟoningĮnancialintelligenceunit;(4)improvingCDDmeasures;(5)ensuringthatanappropriatelegalbasis existstoprovideAML/CFTͲrelatedmutuallegalassistance;and(6)raƟfyingtheUNConvenƟonfortheSuppressionofthe FinancingofTerrorismandtheUNConvenƟononTransnaƟonalOrganisedCrime.TheFATFwillconductanonͲsitevisitto conĮrmthattheprocessofimplemenƟngtherequiredreformsandacƟonsisunderwaytoaddressdeĮcienciespreviously idenƟĮedbytheFATF.
Bosnia
and
Herzegovina
InJune2015,BosniaandHerzegovinamadeahighͲlevelpoliƟcalcommitmenttoworkwiththeFATFandMONEYVALto addressitsstrategicAML/CFTdeĮciencies.However,theFATFhasdeterminedthatcertainstrategicdeĮcienciesremain.Bosnia andHerzegovinashouldconƟnuetoimplementitsacƟonplantoaddressthesedeĮciencies,includingby:(1)compleƟngthe criminalisaƟonofterroristĮnancing;(2)establishingandimplemenƟnganadequatelegalframeworkforfreezingterrorist assetsunderUNSCR1373;(3)implemenƟnganadequatesupervisoryframework;(4)implemenƟngadequateAML/CFT measuresforthenonͲproĮtsector;(5)establishingandimplemenƟngadequatecrossͲbordercurrencycontrols;(6) harmonisingcriminalisaƟonofmoneylaunderinginallcriminalcodes;and(7)ensuringadequateproceduresforthe conĮscaƟonofassets.TheFATFencouragesBosniaandHerzegovinatoaddressitsAML/CFTdeĮcienciesbyimplemenƟngits acƟonplan.
Iraq
InOctober2013,IraqmadeahighͲlevelpoliƟcalcommitmenttoworkwiththeFATFandMENAFATFtoaddressitsstrategic AML/CFTdeĮciencies.SinceJune2015,IraqhastakenstepstowardsimprovingitsAML/CFTregime,includingbyobtaining ParliamentaryapprovalofanewAML/CFTlaw.Duetotheveryrecentnatureofthelaw,theFATFhasnotyetassessedthelaw inordertodeterminetheextenttowhichthenewlawaddressesanyofthefollowingissues:(1)adequatelycriminalising moneylaunderingandterroristĮnancing;(2)establishingandimplemenƟnganadequatelegalframeworkandproceduresfor idenƟfyingandfreezingterroristassets;(3)ensuringthatallĮnancialinsƟtuƟonsaresubjecttoadequatecustomerdue diligencerequirements;(4)ensuringafullyoperaƟonalandeīecƟvelyfuncƟoningĮnancialintelligenceunit;(5)ensuringthat allĮnancialinsƟtuƟonsaresubjecttoadequatesuspicioustransacƟonreporƟngrequirements;and(6)establishingand implemenƟnganadequateAML/CFTsupervisoryandoversightprogrammeforallĮnancialsectors.TheFATFencouragesIraq toaddressitsremainingAML/CFTdeĮcienciesandconƟnuetheprocessofimplemenƟngitsacƟonplan.
Guyana
InOctober2014,GuyanamadeahighͲlevelpoliƟcalcommitmenttoworkwiththeFATFandCFATFtoaddressitsstrategic AML/CFTdeĮciencies.SinceJune2015,GuyanahastakenstepstowardimprovingitsAML/CFTregime,includingbyenacƟng theAML/CFTAmendmentAct2015.However,theFATFhasdeterminedthatcertainstrategicdeĮcienciesremain.Guyana shouldconƟnuetoimplementitsacƟonplan,includingby:(1)ensuringandimplemenƟnganadequatelegalframeworkfor idenƟfying,tracingandfreezingterroristassets;(2)ensuringafullyoperaƟonalandeīecƟvelyfuncƟoning Įnancial intelligenceunit;(3)establishingeīecƟvemeasuresforcustomerduediligenceandenhancingĮnancialtransparency;and(4) implemenƟnganadequatesupervisoryframework.TheFATFencouragesGuyanatoaddressitsremainingdeĮcienciesand conƟnuetheprocessofimplemenƟngitsacƟonplan.
Panama
SinceJune2014,whenPanamamadeahighͲlevelpoliƟcalcommitmenttoworkwiththeFATFandGAFILATtoaddressits strategicAML/CFTdeĮciencies,PanamahasmadesigniĮcantprogresstoimproveitsAML/CFTregime.Panamahas substanƟallyaddresseditsacƟonplanatatechnicallevel,includingby:(1)adequatelycriminalisingmoneylaunderingand terroristĮnancing;(2)establishingandimplemenƟnganadequatelegalframeworkforfreezingterroristassets;(3)establishing
㻰㼛㼏㼡㼙㼑㼚㼠㼟㻌㻙㻌㻲㼕㼚㼍㼚㼏㼕㼍㼘㻌㻭㼏㼠㼕㼛㼚㻌㼀 㼍㼟㼗㻌㻲㼛㼞㼏㼑㻌㻔㻲㻭㼀㻲㻕
㼔㼠㼠㼜㻦㻛㻛㼣㼣㼣㻚㼒㼍㼠㼒㻙㼓㼍㼒㼕㻚㼛㼞㼓㻛㼜㼡㼎㼘㼕㼏㼍㼠㼕㼛㼚㼟㻛㼔㼕㼓㼔㻙㼞㼕㼟㼗㼍㼚㼐㼚㼛㼚㻙㼏㼛㼛㼜㼑㼞㼍㼠㼕㼢㼑㼖㼡㻚㻚㻚
eīecƟvemeasuresforcustomerduediligenceinordertoenhancetransparency;(4)establishingafullyoperaƟonaland eīecƟvelyfuncƟoningĮnancialintelligenceunit;(5)establishingsuspicioustransacƟonreporƟngrequirementsforallĮnancial insƟtuƟonsandDNFBPs;and(6)ensuringeīecƟvemechanismsforinternaƟonalcoͲoperaƟon.TheFATFwillconductan onͲsitevisittoconĮrmthattheprocessofimplemenƟngtherequiredreformsandacƟonsisunderwaytoaddressdeĮciencies previouslyidenƟĮedbytheFATF.
Papua
New
Guinea
InFebruary2014,PapuaNewGuineamadeahighͲlevelpoliƟcalcommitmenttoworkwiththeFATFandAPGtoaddressits strategicAML/CFTdeĮciencies.SinceJune2015,PapuaNewGuineahastakenstepstowardsimprovingitsAML/CFTregime, includingbyobtainingParliamentaryapprovalofaCriminalCodeAmendment,anAML/CFTlaw,establishingalegalframework torequirethefreezingofterroristassetsandacrossͲborderdeclaraƟonsystem.PNGwillneedtobringtheselawsintoforce andtheĮnaltextshouldbereviewedbytheFATF.Therefore,theFATFhasnotyetdeterminedtheextenttowhichthey addressanyofthefollowingissues:(1)adequatelycriminalisingmoneylaunderingandterroristĮnancing;(2)establishingand implemenƟngadequateproceduresfortheconĮscaƟonofassetsrelatedtomoneylaundering;(3)establishingand implemenƟnganadequatelegalframeworkforidenƟfying,tracingandfreezingterroristassets;(4)establishingafully operaƟonalandeīecƟvelyfuncƟoning Įnancialintelligenceunit;(5)establishingsuspicioustransacƟonreporƟng requirements;(6)implemenƟnganadequateAML/CFTsupervisoryandoversightprogrammeforallĮnancialsectors;and(7) establishingandimplemenƟngeīecƟvecontrolsforcrossͲbordercurrencytransacƟons.TheFATFencouragesPapuaNew GuineatobringthelawintoforceandconƟnuetheprocessofimplemenƟngitsacƟonplan.
Syria
SinceFebruary2010,whenSyriamadeahighͲlevelpoliƟcalcommitmenttoworkwiththeFATFandMENAFATFtoaddressits strategicAML/CFTdeĮciencies,SyriahasmadeprogresstoimproveitsAML/CFTregime.InJune2014,theFATFdetermined thatSyriahadsubstanƟallyaddresseditsacƟonplanatatechnicallevel,includingbycriminalisingterroristĮnancingand establishingproceduresforfreezingterroristassets.WhiletheFATFdeterminedthatSyriahascompleteditsacƟonplanagreed uponwiththeFATF,duetothesecuritysituaƟon,theFATFhasbeenunabletoconductanonͲsitevisittoassesswhetherthe processofimplemenƟngtherequiredreformsandacƟonsisunderway.TheFATFwillconƟnuetomonitorthesituaƟon,and willconductanonͲsitevisitattheearliestpossibledate.
Uganda
InFebruary2014,UgandamadeahighͲlevelpoliƟcalcommitmenttoworkwiththeFATFandESAAMLGtoaddressitsstrategic AML/CFTdeĮciencies.However,theFATFhasdeterminedthat strategicdeĮcienciesremain.Ugandashouldtherefore conƟnuetoworkonaddressingthefollowingdeĮciencies:(1)adequatelycriminalisingterroristĮnancing;(2)establishingand implemenƟnganadequatelegalframeworkandsetofproceduresforidenƟfyingandfreezingterroristassets;(3)ensuring thatallĮnancialinsƟtuƟonsaresubjecttoadequaterecordͲkeepingrequirements;(4)establishingafullyoperaƟonaland eīecƟvelyfuncƟoningĮnancialintelligenceunit;(5)ensuringadequatesuspicioustransacƟonreporƟngrequirements;(6) ensuringanadequateandeīecƟveAML/CFTsupervisoryandoversightprogrammeforallĮnancialsectors;and(7)ensuring thatappropriatelawsandproceduresareinplacewithregardtointernaƟonalcoͲoperaƟonfortheĮnancialintelligenceunit andsupervisoryauthoriƟes.TheFATFencouragesUgandatoaddressitsremainingAML/CFTdeĮciencies,includingadequately criminalisingterroristĮnancing,andconƟnuetheprocessofimplemenƟngitsacƟonplan.
Yemen
SinceFebruary2010,whenYemenmadeahighͲlevelpoliƟcalcommitmenttoworkwiththeFATFandMENAFATFtoaddressits strategicAML/CFTdeĮciencies,YemenhasmadeprogresstoimproveitsAML/CFTregime.InJune2014,theFATFdetermined thatYemenhadsubstanƟallyaddresseditsacƟonplanatatechnicallevel,includingbyadequatelycriminalisingmoney launderingandterroristĮnancing;establishingprocedurestoidenƟfyandfreezeterroristassets;improvingitscustomerdue diligenceandsuspicioustransacƟonreporƟngrequirements;issuingguidance;developingthemonitoringandsupervisory capacityoftheĮnancialsectorsupervisoryauthoriƟesandtheĮnancialintelligenceunit;andestablishingafullyoperaƟonal andeīecƟvelyfuncƟoningFIU.WhiletheFATFdeterminedthatYemenhascompleteditsacƟonplanagreeduponwiththe FATF,duetothesecuritysituaƟon,theFATFhasbeenunabletoconductanonͲsitevisittoassesswhethertheprocessof implemenƟngtherequiredreformsandacƟonsisunderway.TheFATFwillconƟnuetomonitorthesituaƟon,andconductan ononͲsitevisitattheearliestpossibledate.
㻰㼛㼏㼡㼙㼑㼚㼠㼟㻌㻙㻌㻲㼕㼚㼍㼚㼏㼕㼍㼘㻌㻭㼏㼠㼕㼛㼚㻌㼀 㼍㼟㼗㻌㻲㼛㼞㼏㼑㻌㻔㻲㻭㼀㻲㻕
㼔㼠㼠㼜㻦㻛㻛㼣㼣㼣㻚㼒㼍㼠㼒㻙㼓㼍㼒㼕㻚㼛㼞㼓㻛㼜㼡㼎㼘㼕㼏㼍㼠㼕㼛㼚㼟㻛㼔㼕㼓㼔㻙㼞㼕㼟㼗㼍㼚㼐㼚㼛㼚㻙㼏㼛㼛㼜㼑㼞㼍㼠㼕㼢㼑㼖㼡㻚㻚㻚
TheFATFisnotyetsaƟsĮedthatthefollowingjurisdicƟonhasmadesuĸcientprogressonitsacƟonplanagreeduponwiththe FATF.ThemostsigniĮcantacƟonplanitemsand/orthemajorityoftheacƟonplanitemshavenotbeenaddressed.Ifthis jurisdicƟondoesnottakesuĸcientacƟontoimplementsigniĮcantcomponentsofitsacƟonplanbyFebruary2016,thenthe FATFwillidenƟfythisjurisdicƟonasbeingoutofcompliancewithitsagreedacƟonplanandwilltaketheaddiƟonalstepof callinguponitsmemberstoconsidertherisksarisingfromthedeĮcienciesassociatedwiththejurisdicƟon.
Lao
PDR
DespitetheLaoPDR’shighͲlevelpoliƟcalcommitmenttoworkwiththeFATFandAPGtoaddressitsstrategicAML/CFT deĮciencies,theFATFisnotyetsaƟsĮedthattheLaoPDRhasmadesuĸcientprogressinimprovingitsAML/CFTregime,and certainstrategicAML/CFTdeĮcienciesremain.TheLaoPDRshouldconƟnuetoworkonimplemenƟngitsacƟonplanto addressthesedeĮciencies,includingby:(1)adequatelycriminalisingmoneylaunderingandterroristĮnancing;(2)establishing andimplemenƟngadequateproceduresfortheconĮscaƟonofassetsrelatedtomoneylaundering;(3)establishingand implemenƟnganadequatelegalframeworkforidenƟfying,tracingandfreezingterroristassets;(4)establishingsuspicious transacƟonreporƟngrequirements;(5)implemenƟnganadequateAML/CFTsupervisoryandoversightprogrammeforall Įnancialsectors;and(6)implemenƟngeīecƟvecontrolsforcrossͲbordercurrencytransacƟons.TheFATFencouragestheLao PDRtoaddressitsAML/CFTdeĮcienciesandconƟnuetheprocessofimplemenƟngitsacƟonplan.
Ecuador
TheFATFwelcomesEcuador’ssigniĮcantprogressinimprovingitsAML/CFTregimeandnotesthatEcuadorhasestablishedthe legalandregulatoryframeworktomeetitscommitmentsinitsacƟonplanregardingthestrategicdeĮcienciesthattheFATF hadidenƟĮedinJune2010.EcuadoristhereforenolongersubjecttotheFATF’smonitoringprocessunderitsonͲgoingglobal AML/CFTcomplianceprocess.EcuadorwillworkwithGAFILATasitconƟnuestoaddressthefullrangeofAML/CFTissues idenƟĮedinitsmutualevaluaƟonreport.
Sudan
TheFATFwelcomesSudan’ssigniĮcantprogressinimprovingitsAML/CFTregimeandnotesthatSudanhasestablishedthelegalandregulatory frameworktomeetitscommitmentsinitsacƟonplanregardingthestrategicdeĮcienciesthattheFATFhadidenƟĮedinFebruary2010.Sudanis thereforenolongersubjecttotheFATF’smonitoringprocessunderitsonͲgoingglobalAML/CFTcomplianceprocess.Sudanwillworkwith MENAFATFasitconƟnuestoaddressthefullrangeofAML/CFTissuesidenƟĮedinitsmutualevaluaƟonreport.
Moreon:
PublicStatement(/publicaƟons/highͲriskandnonͲcooperaƟvejurisdicƟons/documents/publicͲstatementͲoctoberͲ 2015.html),23October2015.
HighͲriskandnonͲcooperaƟvejurisdicƟons
(/ bli Ɵ /hi h i k d Ɵ j i di Ɵ /)
