On April 2, the National Futures Association (NFA) issued a notice to its members informing them that the Financial Action Task Force (FATF) has updated its list of jurisdictions with strategic anti-money laundering and counter terrorism financing (AML/CFT) deficiencies. The updated FATF list includes the following changes: (i) Kenya and Tanzania were removed from the list of high-risk and non-cooperative jurisdictions requiring enhanced due diligence as set forth in the FATF Public Statement; and (ii) Kenya, Tanzania, Papua New Guinea and Uganda were added to the list of high-risk and non-cooperative jurisdictions requiring general due diligence as set forth in FATF’s Improving Global AML/CFT Compliance: On-going Process.
The NFA Notice to Members is available here.
A Financial Crimes Enforcement Network Advisory describing the FATF changes is available here.
The FATF Public Statement is available here.
The FATF Improving Global AML/CFT Compliance: On-going Process is available here.