FATF makes Changes to List of Notified Countries

As per the update received from FATF, list of countries under increased monitoring has been revised:

1.  As per the update, following countries have been added to the list of ‘’Jurisdictions under Increased Monitoring’’:
   1. Kenya
   2. Namibia
2. As per the update, the following countries have been removed from the list “ i.e. Jurisdictions No Longer Subject to Increased Monitoring” :
   1. Barbados
   2. Gibraltar
   3. Uganda
   4. United Arab Emirates 
3. FATF identifies countries or jurisdictions with serious strategic deficiencies to counter money laundering, terrorist financing, and financing of proliferation. These jurisdictions are subject to a call for action to protect the international financial system. Following countries have been added to the list of ‘’High risk jurisdictions subject to Call for Action’’:
   1. Democratic Republic of Korea
   2. Iran
   3. Myanmar