At FATF’s plenary meeting in Paris, it:

  • updated its list of countries with strategic deficiencies: Iran and North Korea remain the two jurisdictions on which FATF recommends its members apply countermeasures, while it says members should consider the risks that arise from Cuba, Bolivia, Ethiopia, Kenya, Myanmar, Nigeria, São Tomé and Principe, Sri Lanka, Syria and Turkey;
  • published a document on improving global compliance with Anti-Money Laundering (AML) and Countering Terrorism Financing (CTF);
  • updated assessments on several jurisdictions. It has welcomed improvements made by Greece and the Ukraine, but still has concerns over Argentina and Bangladesh, despite recent progress; and
  • updated its review of the FATF Standards: it has significantly advanced its work and has broad agreement on the scope of the changes. It plans to meet in January to finalise the new standards, and publish them in February.

(Source: FATF Announces Plenary Results)