FATF announces plenary outcomes: FATF has announced the outcomes of its latest plenary meeting:

  • Antigua and Barbuda, Bangladesh and Vietnam are no longer on the list of jurisdictions with Anti-Money Laundering (AML)/(Counter Terrorist Finance (CFT) deficiencies and they will no longer be subject to FATF's ongoing process.
  • Kenya and Tanzania have been moved to the ongoing process list due to the progress in their action plan agreed with FATF.
  • FATF continues working on mutual evaluations, voluntary tax compliance programmes, beneficial ownership requirements and assessment of compliance with FATF Standards.
  • FATF also decided to continue its work on virtual currencies and to hold a meeting with AML/CFT experts and data protection experts.

In the UK, Treasury has updated its advisory notice on AML/CFT controls in overseas jurisdictions to reflect FATF's lists of high-risk and non-cooperative jurisdictions and of jurisdictions committed to an action plan. (Source: Outcomes from the Meeting of the FATF Plenary, Paris 12-14 February 2014 and AML/CFT Controls in Overseas Jurisdictions – Advisory Notice)