The FATF Grey list is updated, Russia suspended & the JFSC updated their D2 list
The FATF Grey list is updated; FATF suspended Russia, and the JFSC has updated their D2 list. More below.
THE JFSC has published updated versions of Appendix D2 of the AML/CFT/CPF Handbook to consider the latest Financial Action Task Force (FATF) statements of 24 February 2023.
The following are the highlights from FATF on 24 February 2023.
- No changes to Black list
Grey list update - Jurisdictions under Increased Monitoring - 24 February 2023
- Paris, 24 February 2023 - Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing. When the FATF places a jurisdiction under increased monitoring, it means the country has committed to resolving swiftly the identified strategic deficiencies within agreed timeframes and is subject to increased monitoring. This list is often externally referred to as the “grey list”.
Grey list added
- Nigeria added to the Grey List
- South Africa added to the Grey List
- Grey list removed COUNTRIES
- Morocco removed
- Cambodia removed.
- Russia’s FATF membership has been suspended
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