Task force updates AML-deficiency jurisdiction list

The Financial Action Task Force—a global anti-money-laundering watchdog—updated its lists of jurisdictions with AML deficiencies.

Details: As announced by the Financial Crimes Enforcement Network, the FATF:

  • Called for renewed implementation and enforcement of countermeasures against Iran, North Korea, and Burma.

  • Added Algeria, Angola, Côte d’Ivoire, and Lebanon to its list of jurisdictions under increased monitoring.

  • Removed Senegal from the list.