This guide outlines recent changes to global lists of high-risk jurisdictions for money laundering, as maintained by the FATF and EU. It highlights newly listed or delisted countries and provides brief insights on what regulated entities, especially in the UK, should consider for compliance and due diligence.
Guide Overview:
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Added to FATF Grey List: Bolivia, British Virgin Islands — due to ongoing AML/CFT deficiencies.
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Removed: Croatia, Mali, Tanzania — after completing FATF action plans.
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EU List Updates: Added countries include Algeria, Kenya, Laos; removed countries include Barbados, Jamaica, UAE.
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UK Approach: Follows FATF list (not EU), requiring EDD on listed jurisdictions.
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Ongoing Risk: Delisted countries may still pose financial crime risks due to weak enforcement or political factors.
