September 15, 2017
As part of the FATF’s listing and monitoring process to ensure compliance with its internationalAML/CFT standards, the FATF identifies certain jurisdictions as having strategic deficienciesin their AML/CFT regimes. These jurisdictions appear in two documents: (i) the “FATF Public Statement,” which includes jurisdictions that are subject to the FATF’s call for countermeasures or are subject to enhanced due diligence (EDD) due to their strategic AML/CFT deficiencies, and (ii) “Improving Global AML/CFT Compliance: On-going Process,” which includes jurisdictions identified by the FATF as having strategic AML/CFT deficiencies.2 On June 23, 2017, the FATF updated both documents with the concurrence of the United States. Financial institutions should consider these changes when reviewing their obligations and risk-based policies, procedures, and practices with respect to the jurisdictions noted below.3