Against This Background, Dnb And The Ministry Of Finance Urge Financial Institutions To Continue To Comply With The Tighter Measures With Respect To Transactions And Business Relationships In Connection With Iran.
All regulated businesses should be familiar with these jurisdictions, as working with them can affect your aml screening process. Pojk nomor 23/pojk.01/2019 tentang penerapan program anti pencucian uang dan pencegahan pendanaan terorisme di sektor jasa keuangan terkait penyedia jasa keuangan (pjk) yang melakukan hubungan usaha dengan nasabah dan atau melakukan transaksi yang berasal dari negara berisiko tinggi (high risk countries) yang dipublikasikan financial action. The financial action task force (“fatf“) has released its list of high risk jurisdictions for money laundering and counter terrorist financing.
The Additional Countries On The Fatf List Are Albania, Barbados, Jamaica, Mauritius, Myanmar, Nicaragua And Uganda.
Reporting entities are generally required to apply enhanced due diligence when dealing with funds from jurisdictions that are high risk. The type of enhanced due diligence measures applied should be. Financial institutions should be required to apply enhanced due diligence measures to business relationships and transactions with natural and legal persons, and financial institutions, from countries for which this is called for by the fatf.
Fatf Issued A Public Statement On 25 February 2009 Noting Concerns And Encouraging Greater Compliance By The Following Countries:
Democratic people’s republic of korea (dprk) haiti; The fatf is particularly concerned about iran's high risk of terrorist financing and the threatening impact thereof on the international financial system. For these countries, updated statements are provided below.
The Financial Action Task Force (Fatf), Of Which New Zealand Is Part Of, Updated Its List Of 'High Risk And Other Monitored Jurisdictions' On 21 February 2020.
The nine fsrbs have an essential role in promoting the effective implementation of the fatf recommendations by their membership and in providing expertise and input in fatf policy. The high risk countries are: (2) developing and starting to implement a risk based approach for the aml/cft supervision of all fis and higher risk dnfbps and demonstrating effective, proportionate and.
(1) Disseminating The Results Of The Nra To All Relevant Stakeholders Including By Conducting Awareness Raising Activities With The Highest Risk Sectors;
Therefore, please refer to the statement on these jurisdictions adopted in february 2020. The following countries had their progress reviewed by the fatf since june 2021: Mali will work to implement its fatf action plan by: