Last update: 23 February 2024
The Financial Action Task Force (FATF) is an intergovernmental organisation that continually identifies and monitors high-risk countries with strategic anti-money laundering (AML) deficiencies constituting a risk to the global financial system.
Today, so-called FATF high-risk countries subject to a call for action (here) are countries with strategic AML deficiencies unable or unwilling to address them - until 2006 they were called Non-Cooperative Countries and Territories ("FATF Black List"). By contrast, so-called FATF countries under increased monitoring (here) are actually working with the FATF to address those deficiencies.
The FATF publishes changes in its country lists three times a year following its plenary meeting. The FATF Plenary Meetings usually take place in February, June, and October of each year.
For the countries concerned, inclusion in a FATF list means increased control of their cross-border payment transactions, enhanced due diligence (EDD) by correspondent banks on incoming and outgoing payments and considerable delays in payment processing and settlement.
Countries under increased monitoring - 23 February 2024:
High-risk countries subject to a call for action - 23 February 2024:
COUNTRY | INCLUDED | REMOVED |
---|---|---|
(Barbados) | February 2020 | February 2024 |
Bulgaria | October 2023 | |
Burkina Faso | February 2021 | |
Cameroon | June 2023 | |
Congo (the Democratic Republic of the) | October 2022 | |
Croatia | June 2023 | |
(Gibraltar) | June 2022 | February 2024 |
Haiti | June 2021 | |
Jamaica | February 2020 | |
* Kenya (new) | February 2024 | |
Mali | October 2021 | |
Mozambique | October 2022 | |
* Namibia (new) | February 2024 | |
Nigeria | February 2023 | |
Philippines | June 2021 | |
Senegal | February 2021 | |
South Africa | February 2023 | |
South Sudan | June 2021 | |
Syrian Arab Republic (the) | February 2010 | |
Tanzania | October 2022 | |
Türkiye | October 2021 | |
Tanzania | October 2022 | |
(Uganda) | February 2020 | February 2024 |
(United Arab Emirates) | February 2022 | February 2024 |
Viet Nam | June 2023 | |
Yemen | February 2010 |
COUNTRY | INCLUDED | REMOVED |
---|---|---|
Iran | February 2020 | |
Myanmar | February 2020 | |
North Korea | February 2020 |