MANU/RPRL/0199/2021

Ministry : Reserve Bank of India

Department/Board : Press Releases

Press Release No. : 2021-2022/1208

Date : 16.11.2021

Financial Action Task Force High risk and other monitored jurisdictions

The Financial Action Task Force (FATF), vide public document 'High-Risk Jurisdictions subject to a Call for Action' dated October 21, 2021, has called on its members and other jurisdictions to refer to the statement on these jurisdictions adopted in February 2020.

FATF had earlier identified the following jurisdictions as having strategic deficiencies which have developed an action plan with the FATF to deal with them. These jurisdictions are: Albania, Barbados, Burkina Faso, Botswana, Cambodia, Cayman Islands, Haiti, Jamaica, Malta, Mauritius, Morocco, Myanmar, Nicaragua, Pakistan, Panama, Philippines, Senegal, South Sudan, Syria, Uganda, Yemen and Zimbabwe. As per the public statement, Jordan, Mali and Turkey have now been added to the list of Jurisdiction under increased Monitoring based on the decision made at the October 2021 FATF plenary. Further, as per the public Statement, Botswana and Mauritius have been removed from the list of Jurisdictions under Increased Monitoring. FATF plenary releases documents titled "High-Risk jurisdictions subject to a Call for Action" and "Jurisdictions under increased Monitoring" with respect to jurisdictions that have strategic AML/CFT deficiencies as a part of the ongoing efforts to identify and work with jurisdictions with strategic Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) deficiencies. Such advice does not preclude the regulated entities from legitimate trade and business transactions with the countries and jurisdictions mentioned there.

The detailed information is available in the updated public statements and document released by FATF on October 21, 2021. The statements and document can be accessed at the following URL:

1. http://www.fatf-gafi.org/publications/high-risk-and-other-monitored-jurisdictions/documents/increased-monitoring-october-2021.html

2. http://www.fatf-gafi.org/publications/high-risk-and-other-monitored-jurisdictions/documents/call-for-action-october-2021.html

3. http://www.fatf-gafi.org/publications/fatfgeneral/documents/outcomes-fatf-plenary-october-2021.html

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