Malta, Philippines, Haiti and South Sudan added
Four more nations today find themselves on notice that they need to improve their approach to preventing money laundering and the financing of terror.
The Financial Action Task Force announced that Haiti, the South Sudan, the Philippines, and Malta are now on FATF’s terror-financing watchlist. FATF also announced the removal of Ghana from the list.
The FATF list, often referred to as the “grey list,” names jurisdictions that warrant additional monitoring. FATF works with the jurisdictions to bring their anti-money laundering and anti-terror financing efforts in line with international standards to prevent financial crime and terror financing.
According to FATF, jurisdictions on the so-called grey list have actively “committed to resolve swiftly the identified strategic deficiencies within agreed timeframes and is subject to increased monitoring.”
To learn more about deficiencies and issues for each named jurisdiction, check out the links for each country/jurisdiction.
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